Primary rates continue to climb even as reinsurance market stabilizes

January 1, 2024, activity suggests the reinsurance market is returning to normalcy following difficult treaty renewals just over a year ago. Nevertheless, a positive property insurance rate environment is expected to persist in the first half of 2024. Buyers should be prepared for insurers to continue monitoring loss trends and applying significant underwriting scrutiny.

Read more in our 2024 property market outlook.

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