The Alternative View Fall 2023 STATE OF THE MARKET
The Alternative View Fall 2023 STATE OF THE MARKET
9 PagesThe Fall 2023 U.S. commercial insurance market remained challenging in property, where buyers used creative strategies to secure coverage amid a hard reinsurance market and high catastrophe losses. Casualty trends showed signs of moderation but continued to be affected by social inflation, nuclear verdicts and rising medical costs. Cyber rates were relatively flat, though claims activity increased due to widespread ransomware incidents. In D&O, ample capacity drove competitive pricing, with public companies seeing rate reductions.
