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.

PROPERTY REDY® INDEX - June 2024
MONTHLY RENEWAL PRICING ANALYSIS

WHY YOUR RESULTS MAY DIFFER

The REDY Index shows pricing trends based on average property renewal premium on a broad range of accounts – in all 50 states, with varying loss histories, and a variety of perils and occupancies. Your results may differ substantially from the average shown above depending on these attributes and a particular account’s risk profile. Results are limited to brokerage accounts that renewed in the same month as the prior year with the same total account limits. To remove outliers, the top and bottom 1% of accounts by YoY % change have been removed, as well as the top and bottom 1% of accounts by rate online (Premium/ Limit*100). The REDY Index is intended for educational purposes only.

ONGOING PROPERTY ISSUES

1. The second quarter confirmed the continuation of the positive market trends experienced in Q4 2023 and Q1 2024. The challenging market conditions seen in Q2 2023 have reversed. E&S Property carriers have more certainty around their portfolios, expected reinsurance limits, and costs. They are aggressively pursuing premium and exposure growth while resetting pricing targets. This has enabled clients to purchase increased limits, harmonize terms and pricing across placements, and often achieve meaningful rate decreases.
2. The second quarter confirmed the continuation of the positive market trends experienced in Q4 2023 and Q1 2024. The challenging market conditions seen in Q2 2023 have reversed. E&S Property carriers have more certainty around their portfolios, expected reinsurance limits, and costs. They are aggressively pursuing premium and exposure growth while resetting pricing targets. This has enabled clients to purchase increased limits, harmonize terms and pricing across placements, and often achieve meaningful rate decreases.