USI's 2023 Commercial P&C Market Outlook

Insurance market rate trends, challenges and solutions

While the insurance market for some property and casualty (P&C) lines stabilized in 2022, organizations with below-average risk profiles or exposures to loss in certain states or industries faced severe upward rate pressure. In 2023, the evolving market continues to impact coverage, premium, deductibles and other factors essential to your organization.

In addition to the need to effectively manage risk, several other challenges affect virtually all insureds across all insurance lines. Hurricane Ian changed the insurance landscape for all P&C lines, even though it was a property-driven event. The fact that many insurers have or will pay out billions of dollars in losses is impacting the entire insurance industry.

Any issue will affect some organizations more than others, and few solutions will work universally — across all industries, business sizes, geographies, lines of coverage and program structures. That’s why we feature insights from our national practice leaders and industry experts in our 2023 Commercial P&C Market Outlook. Organizations can improve their quality of risk to differentiate themselves to the insurance marketplace — and position themselves to receive favorable outcomes.

We also continue to provide Historical Rate Index Charts for major lines of coverage. The charts provide a more comprehensive look at how rates are trending from 2018 to present day.