USI’s 2024 Commercial P&C Market Outlook

Insurance market rate trends, challenges and solutions

The commercial P&C insurance landscape is presently dynamic, marked by significant shifts and trends spanning diverse sectors. USI Insurance Services’ 2024 Commercial Property & Casualty Market Outlook report delivers an overview of the current state of insurance markets and underscores noteworthy developments that are beginning to surface.

The report offers concise retrospectives for each insurance line and explores key trends anticipated for the year ahead. We analyze subtle changes shaping property, general/products liability, auto, umbrella/excess, workers’ compensation, cyber, and directors and officers (D&O) insurance. Furthermore, we introduce a new focus on the trucking industry, in which escalating operating costs have spurred a closer examination of market dynamics and program designs.

In addition, we have updated the Historical Rate Index Charts for key lines of coverage. These charts offer a comprehensive perspective on the trajectory of rates from 2019 to the present day

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.

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