USI's 2023 Employee Benefits Market Outlook

Even as most COVID-19 restrictions have been lifted and much of the U.S. has returned to business as usual, employers are still dealing with challenges the pandemic set into motion.

Employers are spending more on compensation and benefits to keep workers on the payroll. Meanwhile, benefits spending continues to be impacted by increasing healthcare costs — driven by staffing challenges, higher costs of medical commodities, and expanding use of high-price gene and cell therapies. U.S. businesses also spent much of 2022 battling high inflation, increasing interest rates and growing recession concerns.

To grow and thrive, businesses will have tough choices to make, and more than ever will need expert guidance to navigate these challenges. USI Insurance Services’ 2023 Employee Benefits Market Outlook provides insight and actionable solutions employers can use to reduce the impact of top cost-driving issues.

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 together over 9,000 industry leading professionals across approximately 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 usi.com or follow us on LinkedIn, Facebook, or Twitter.

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