{
  "docId": "019dd923-5de0-76bd-a168-65bec1516111",
  "docSlug": "a2f1facf95cc25f9",
  "documentTitle": "Homeowner availability study",
  "authorId": "OliverWyman",
  "authorName": "Oliver Wyman",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 26,
  "pageCount": 53,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 9,
  "notes": "Includes annotations highlighting specific data trends (red box for premium growth, blue box for unit growth).",
  "elementsJson": [
    "headline_text",
    "data_table",
    "callout_box",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a168-65bec1516111/26",
  "deckHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111#slide-26",
  "components": [
    {
      "bbox": {
        "h": 0.28,
        "w": 0.62,
        "x": 0.037,
        "y": 0.615
      },
      "kind": "callout",
      "text": "Industrywide growth in insured exposures has significantly tapered off over the last 2 years. In a saturated homeowner insurance market like the US, we would expect the homeowner insurance industry to grow in alignment with the market of new housing developments reaching the market. We would also expect the industrywide growth to be relatively steady year-over-year. However, in Colorado we observe a material shift in the figures over the last 2 years. More research into the Colorado housing trends would be required to fully understand if 2020 is the outlier or if 2021 & 2022 are. These figures may also be skewed to some extent by the COVID-19 pandemic. This could be an indicator that some carriers are reviewing their appetite within the market, and that the risks being cancelled are not all picked up by other carriers.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1de7faeb-eb66-48f4-8983-bb24ba5506d1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.32,
        "x": 0.65,
        "y": 0.315
      },
      "kind": "callout",
      "text": "Premiums are growing at an accelerating pace. The average premium's pace of increase is accelerating, now approaching +15% on a YTD basis. Carriers may be implementing pricing corrections to their homeowner portfolio given the profitability struggles highlighted earlier. These figures are also likely influenced by the high inflationary environment.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ede6d3a-bd95-4201-a6e8-f09aedbe0761",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Premiums are growing at an accelerating pace",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-d9f0-7525-9c47-1bdcb24ccb18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Avg. Premium Growth (%): 14.84%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-d9f0-7525-9c47-1df7e7976bfd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.65,
        "x": 0.037,
        "y": 0.105
      },
      "kind": "paragraph",
      "text": "Recent trends in the homeowners market highlight significant premium increases over the recent years.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff09f570-e9b9-45d9-a547-09fe9b1c1db8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.037,
        "y": 0.935
      },
      "kind": "source-note",
      "text": "Source: Colorado “Homeowners MP” data surveyed from carriers as-of October 2022, filtered on “Homeowners” policy type, Oliver Wyman Analysis © Oliver Wyman",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc6b9c94-9491-4cc5-bd2e-d77a717ac685",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.58,
        "x": 0.037,
        "y": 0.315
      },
      "kind": "table",
      "text": "Year | Written Premiums Growth (%) | Written Units Growth (%) | Avg. Premium Growth (%) | 2020 | 13.52% | 6.35% | 6.75% | 2021 | 10.73% | 1.63% | 8.96% | 2022 | 16.00% | 1.01% | 14.84%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdfd1f42-f791-460d-9278-6d61de24dcf9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.35,
        "x": 0.037,
        "y": 0.055
      },
      "kind": "title",
      "text": "INDUSTRY YEAR-TO-DATE TRENDS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dbc2a24a-3a83-4e93-b71a-42b74d05ec60",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "Avg. Premium Growth (%)",
      "numberRaw": "14.84%",
      "numberKind": "percent",
      "actionTitle": null,
      "calloutText": "Premiums are growing at an accelerating pace",
      "numberScale": null,
      "numberValue": 14.84,
      "metricFamily": "growth_rate",
      "numberCurrency": null
    }
  ],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "cb8000a6-6196-46cc-a5d1-974d7ad79e95",
      "evidence": "The slide presents a table with data on 'Year | Written Premiums Growth (%) | Written Units Growth (%) | Avg. Premium Growth (%)'.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 36,
      "from": 17,
      "beatId": "9bb6a0d9-e3b6-494f-8a95-6c8ec10ea072",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides detailed data and analysis to support its findings, including geographic maps and data tables.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}