Insureds Should Be Prepared for Complex Renewals

Denise GillinInsurance, News

By Emma Brenner for Risk & Insurance

In a world that continues to be with unexpected risks, it’s no surprise that insurance markets also experience the same ups and downs.

Last year was the most chaotic insurance market the casualty space has seen in the last 30 years. Marked by dwindling capacity, rate increases and non-renewals, the year was a whirlwind for insureds and insurers alike.

2021 is proving to be only somewhat less chaotic. Risk Placement Services’ “U.S. Casualty Market Outlook: Mid-Year 2021” report detailed the trends in the casualty market during the first half of the year and how carriers can craft successful responses for the risks that lie ahead.

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