{
  "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": 7,
  "pageCount": 53,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "key_takeaways",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 15,
  "notes": "Includes a table of annual growth metrics and a line chart of monthly premiums with event annotations.",
  "elementsJson": [
    "headline_text",
    "data_table",
    "line_chart",
    "callout_box",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a168-65bec1516111/7",
  "deckHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a168-65bec1516111#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "callout",
      "text": "Average premiums have been increasing significantly over the last 3 years, and at an increasing rate. In terms of total exposures written, the industry is still growing on a year-to-date basis, although the trend is headed downwards with time.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "908eb149-15c7-4dba-8da6-805c52c24b10",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.65
      },
      "kind": "callout",
      "text": "The industry average premium is up +51.7% over the analysis period (46 months), or +11.5% annually. Inflection points are observed concurrent with the major wildfires. Inflation and efforts to improve rate adequacy are likely other key contributors.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b40753cd-13fd-4650-9e52-1644a7517ef6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "The industry average premium is up +51.7% over the analysis period (46 months), or +11.5% annually.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-d9f0-7525-9c45-47151c9dc211",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "chart",
      "text": "Average Direct Premiums Written by Month",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "598d5e47-48bd-4f11-a20b-3159bcb886d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Average Direct Premiums: +51.7%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-d9f0-7525-9c45-494a0205b450",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.05,
        "y": 0.59
      },
      "kind": "paragraph",
      "text": "Measured on a monthly basis, the magnitude of increases is even clearer, standing at +51.7% between January 2019 and October 2022.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6d2143a-0d4d-4bf8-bbdf-388e14f28851",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.05,
        "y": 0.21
      },
      "kind": "paragraph",
      "text": "Measured annually, average premiums have increased significantly between 2019 and 2022, and at an accelerating pace.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bf35fbdf-02a3-4868-812e-bf98158e61b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.03,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Colorado “Homeowners MP” data surveyed from carriers as-of October 2022, filtered on “Homeowners” policy type, Oliver Wyman Analysis.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1b122815-6f42-46c9-8d70-60db067145c9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.3
      },
      "kind": "table",
      "text": "Industry movements in premiums & exposures – October 2022 year-to-date",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "09fd7f68-7ca3-4d33-8008-18ab969b5e72",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.03,
        "y": 0.04
      },
      "kind": "title",
      "text": "KEY FINDINGS: TRENDS IN AVERAGE PREMIUMS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "541a3520-1044-4d91-bb2d-cfe20bc4c792",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "Average Direct Premiums",
      "numberRaw": "+51.7%",
      "numberKind": "percent",
      "actionTitle": "KEY FINDINGS: TRENDS IN AVERAGE PREMIUMS",
      "calloutText": "The industry average premium is up +51.7% over the analysis period (46 months), or +11.5% annually.",
      "numberScale": null,
      "numberValue": 51.7,
      "metricFamily": "other",
      "numberCurrency": null
    }
  ],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}