Alera Group, a top independent, national insurance and wealth services firm, today released its 2022 Property and Casualty Market Outlook.
This extensive document provides a comprehensive, future-oriented view of the property & casualty market from coast to coast, both by coverage line and industry. This report gathers input from national carriers, regional carriers and wholesalers and paired its findings with Alera Group’s industry experts across the country, revealing rising rates in nearly every line of coverage for 2022.
Some of the report’s key takeaways include:
- Pricing Continues to Increase: Rate increases are anticipated in all lines of business, with significant variations between lines of business.
- There is Some Moderation in the Rate of Increase: The rate of increase appears to be slowing in some lines, as well as some softening of property rates in noncatastrophe areas.
“As organizations continue to face the challenges brought on by the COVID-19 pandemic, we are proud to release this extensive resource forecasting 2022 market conditions,” said Mark Englert, Executive Vice President and Property and Casualty Practice Leader at Alera Group. “While many portions of the market will likely remain hard, we expect to see moderation in some rate increases, which will be welcome news for many organizations.”
“While 2021 proved to be difficult for placement and rate increases, we hope to see some small areas of relief in the market ahead,” said Jane Koppenheffer, President of The Insurance Alliance Network, an Alera Group company. “Together with our national experts and carrier partners across the country, we will continue to guide clients through the pandemic and surrounding circumstances.”
The 2022 Property and Casualty Market Outlook is available for download by clicking here. Contact a local Alera Group office or email email@example.com with questions and requests for assistance.
About Alera Group
Alera Group is an independent, national insurance and wealth management firm with more than $850 million in annual revenue, offering comprehensive employee benefits, property and casualty, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,000 professionals in more than 120 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn.