2019 USI Property Casualty Market Outlook 2019 USI Property Casualty Market Outlook

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Q4 2019-2020 Property & Casualty Insurance Market Outlook

2019 Insurance Market Outlook

Click to read the Q4 2019-2020 P&C Insurance Market Update

As the year comes to an end, we take this opportunity to present USI's Q4 2019-2020 Market Outlook & Forecast, which illustrates the continuation of market trends that were previously reported in our Mid-Year 2019 report. These trends include ongoing rate increases across a number of coverage areas as well as continued reduction in capacity. The market conditions referenced in the document are expected to continue into the first part of 2020—and for some product lines, well into the year. To learn more, read our full report.

2019 Insurance Market Mid-Year Update

2019 Insurance Market Outlook

Click to read the 2019 P&C Insurance Market Update

As of June 2019, we have seen higher rate increases than predicted in many areas due to increased underwriting discipline and a hardening market. Significant rate increases, reduced capacity and/or more restrictive coverages exist in property, particularly CAT exposed risks, general/products liability, umbrella/excess liability, D&O liability and aviation.

For the most favorable risk terms, companies should get into the market early with complete underwriting information to make a strong factual case for the best terms available and also seek alternative options and carefully negotiate the trade-offs between rates, retentions and coverage based on business priorities.

Read USI's mid-year market update report to learn what we expect for the remainder of the year and how USI can help navigate the changing market.

What can you expect from the 2019 Insurance Market?

How will the conflicting forces of large catastrophic losses and excess capital influence next year’s insurance market trends?

Commercial insureds are entering the New Year with significant optimism about global economic activity. However, there is less certainty over how the recent spate of catastrophic losses and changing market dynamics would impact their risk management programs.

Property and casualty insurers, on the other hand, fueled by a booming economy, growth in net written premiums and ever-expanding levels of alternative capital, are enjoying record surplus. Due to the influx of capital, the market resisted significant and sustained market-wide rate increases despite experiencing significant catastrophic losses, which collectively caused in excess of $125 billion.

In the 2019 P&C Market Outlook, USI’s national practice leaders provide insights and perspectives on:

  • Pricing trends in various property and casualty lines
  • How carriers are responding to underwriting challenges in specific sectors
  • What insureds can do to minimize exposures, maximize coverage and reduce insurance costs.

In addition, the report highlights specific coverage lines and industry verticals, with expanded commentary on the Transportation, Industrial, Real Estate, Healthcare and Construction sectors.

Click here to read the Executive Summary

Read the 2019 USI Property and Casualty Market Outlook

Click to read the 2019 P&C Insurance Market Outlook

Vertical Industry Highlights: Click on your industry below.

To learn more about how USI’s property and casualty practice offers highly specialized solutions and services to improve your risk management program, contact your USI consultant or email property.casualty@usi.com.

About USI Insurance Services

USI is a one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. Headquartered in Valhalla, New York, USI connects together over 7,500 industry leading professionals across more than 200 offices to serve clients’ local, national and international needs. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and expertise, and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit www.usi.com.

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