USI's 2023 Commercial P&C Market Outlook

Insurance market rate trends, challenges and solutions

While the insurance market for some property and casualty (P&C) lines stabilized in 2022, organizations with below-average risk profiles or exposures to loss in certain states or industries faced severe upward rate pressure. In 2023, the evolving market continues to impact coverage, premium, deductibles and other factors essential to your organization.

In addition to the need to effectively manage risk, several other challenges affect virtually all insureds across all insurance lines. Hurricane Ian changed the insurance landscape for all P&C lines, even though it was a property-driven event. The fact that many insurers have or will pay out billions of dollars in losses is impacting the entire insurance industry.

Any issue will affect some organizations more than others, and few solutions will work universally — across all industries, business sizes, geographies, lines of coverage and program structures. That’s why we feature insights from our national practice leaders and industry experts in our 2023 Commercial P&C Market Outlook. Organizations can improve their quality of risk to differentiate themselves to the insurance marketplace — and position themselves to receive favorable outcomes.

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 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 or follow us on LinkedIn, Facebook, or Twitter.

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