State of the Insurance Market Report

2024 Initial Outlook

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Risk management is a critical component of business resilience, profitability, and success.

The 2024 insurance market is complex as we see some lines of insurance stabilize and others, such as property and auto, extremely challenging.

The bottom line is that those who act and fully manage their risk profile will be in the strongest position to see the way forward. 

Executive Summary

Welcome to the 2024 Initial Outlook edition of our State of the Market Report, designed to help you understand insurance market trends and conditions and stay ahead of risk. The more informed you are, the better you can navigate an ever-changing complex market.

Insurance experts in our product lines and industry specialty practices work with our clients and are in the market placing insurance coverage every day. Collectively, we have the following observations on the insurance landscape as we move into 2024.

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"Understanding the realities of current and emerging risks will put you in the driver’s seat to manage your risk profile and position you for optimal insurance rates, coverage terms, and business resiliency."

John Mina
Risk Strategies

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The contents of this report are for general informational purposes only and Risk Strategies Company makes no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of any information contained herein. Any recommendations contained herein are intended to provide insight based on currently available information for consideration and should be vetted against applicable legal and business needs before application to a specific client.