Instant Insights / Construction update: Challenges, opportunities and risks

Today's construction insurance market offers unique challenges and risks, but it also presents opportunities for agents, brokers, and insurers to grow business.

Market Insights

Market changes and challenges for commercial property risks

The industry will see continued changes in the market as carriers look to bring their property books back to a more profitable level.

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Accounts with Critical Catastrophic exposures and losses will most likely face renewals with increased rates, fewer broad terms and reduced capacity. (Photo: Shutterstock)

This year has commercial property carriers experiencing a multitude of industry challenges. As a result, the industry will see continued changes in the market as carriers look to bring their property books back to a more profitable level.

From increasing rates and deductibles to fewer classes of business and stricter underwriting, the following are key industry challenges facing commercial property risks.

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