USI’s 2023 Commercial P&C Market Outlook Mid-Year Addendum

Insurance market rate trends, challenges and solutions

This addendum updates the insurance market trends that have changed since our January forecast, reports the state of our current markets, and highlights important developments that are starting to emerge.

Our nation’s shaky economy and uncertain economic future are common threads that run through this report. Due to economic and inflationary factors, many insurers are becoming more conservative in their pricing models and prolonging an environment of rate increases. However, some markets remain stable despite inflation and other economic pressures. Now is a critical time to invest in the right risk management strategies and start the insurance renewal process early as insureds vie for available capacity.  

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.

About USI Insurance Services

USI is 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 over 10,000 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 or follow us on LinkedIn, Facebook, or Twitter.

Get the Latest Insights

Visit our Executive Insights page for timely information on new and evolving topics.

2023 Employee Benefits Market Outlook

Learn the latest trends, challenges, and solutions for employers.