Opportunity amid continued uncertainty
Entering the fourth quarter of 2022, the commercial insurance market is — from a buyer’s perspective — in as good a shape as it has been over the last three years. Insurers’ results reported in the second quarter reflect their strong financial positioning. Capacity is stable and competition is returning.
Insurers, nevertheless, remain focused on profitability, which means buyers should not expect rates to decline in the near future. Underwriters are also closely monitoring several headwinds that could adversely affect market conditions in the coming months, including:
Rising economic and social inflation.
Persistent catastrophe losses.
Lingering health threats from COVID-19.
Supply chain disruptions.
Ukraine-related exposures.
Fears of a potential recession.
For the latest on the state of the insurance marketplace, explore our September 2022 Lockton Market Update. (opens a new window)