Q1: COMMERCIAL AUTO UPDATE
Between 2011 and 2016, commercial auto underwriting losses grew from $744.8 million to $2.9 billion, leading many carriers to raise premiums dramatically, restrict their exposure or exit writing this line of coverage all together.
![2018-06-06 12_21_31-CommercialAutoUpdate_060618_NoSF.pdf - Adobe Acrobat Pro DC](https://imacorp.com/business/wp-content/uploads/sites/2/2018/06/2018-06-06-12_21_31-CommercialAutoUpdate_060618_NoSF.pdf-Adobe-Acrobat-Pro-DC.png)
During the same time period, combined auto ratios have steadily climbed, meaning underwriters have yet to find a profitable formula with which to insure auto exposures. Though down from a peak of 112% in 2016, combined ratios remain at 110%, indicating the market can continue to expect rate increases in commercial auto moving forward.
![Commercial_Auto_Industry_CIAB](https://imacorp.com/business/wp-content/uploads/sites/2/2018/06/Commercial_Auto_Industry_CIAB-1.png)