In the evolving landscape of digital assets, it's crucial that businesses understand how to navigate the insurance space. Over the past several years, this industry has seen significant growth and transformation, with various challenges and opportunities coming to the forefront.

Following a year-long reset, a less turbulent property market is offering reasons for cautious optimism as capacity
stabilizes across geographies and lines of business. While challenging conditions persist, a more targeted approach to
further adjustments is anticipated in 2024.

The cyber marketplace has changed rapidly in recent years. The intricacies of underwriting have added layers of complexity, leading to a sense of cyber fatigue for retail agents. However, it's important to recognize that merely going through the motions of obtaining cyber coverage can lead to significant risks for insureds.

Product recall events are a known risk of doing business across many sectors. The discovery of these concerns can come from regulatory agencies like the FDA, customer product testing, supplier issues, and/or a company’s own quality control process. Even companies with the best quality control processes in place are vulnerable to product recall risks.

Senior living facilities remain under pressure from rising costs and staff shortages. Some are looking to reduce expenses through alternative liability insurance. New market entrants may offer lower prices, but is a new carrier the right solution over the long-term?

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

More than 80% of Americans don’t have disability coverage, putting them at risk for major financial distress should a serious illness or injury impede their ability to work. Private long-term disability insurance should be a foundational element of any financial stability plan, helping clients recover when faced with the unexpected.

A recent law signed in 2023 expands regulations and reporting requirements for cosmetic manufacturers, giving the FDA greater oversight of the industry. These updated policies could increase the frequency and size of cosmetic product recalls. What can manufacturers do to help minimize their risk?

Persistent, significant losses are still driving up expenses and constraining capacity within the casualty market for habitational business. As insurers reduce coverage limits, increase deductibles, and impose stricter underwriting criteria, it becomes crucial to strategically promote comprehensive submissions in order to secure optimal coverage.

More healthcare organizations are adopting AI to improve efficiency. AI promises to bring significant benefits, but this rapidly evolving technology also can introduce new exposures for providers. Partnering with knowledgeable wholesale brokers can help agents and their clients better understand the risk and coverage implications of AI.

Massive claims and settlements are no longer a surprise to the insurance industry and casualty lines are no exception. Many will remember the collapse of Surfside, Florida’s Champlain Tower South in June 2021. It resulted in a settlement of more than $1B.