Welcome to the 2023 edition of our State of the Market Report. We publish market updates bi-annually to keep you abreast of insurance trends, market drivers, insurance rates, and recommendations on how to navigate the current market.
For every business, risk management is a critical component of business resilience, profitability, and success. In 2023, we are seeing some signs of insurance market stability and rate moderation. Businesses with a preferred risk profile will be in the strongest position to get the best rates and terms. The same can certainly be said for individuals in the personal lines and private client space. We are here to help you manage the headwinds.