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program structure options. Insureds may also face difficult decisions if forced to monetize or justify maintaining their longstanding insurer relationships.

The Best Defense Against Rate Increases: Take the Offense Insureds and their broker partners should get ahead of potential rate increases. Our advice is to start early, produce a robust

the meantime, we will see a turn to a hard market, where the demand is high, but the supply is low and premiums subsequently increase. This would signal a momentous change in behavior for all sides of the transaction— underwriter, broker, risk management and finance team—after years of delivering only good news in terms of favorable rates and coverage.

renewal submission to carriers that showcases risk management and risk quality, and schedule in-person meetings with underwriters to set the tone of the renewal with a clear strategy and goals.

Our Advice: Get ahead of potential rate increases by starting the renewal early and getting in front of underwriters with a robust renewal submission and clear goals. The longer term view is less clear. If enough reinsurers have no choice but to write risks at more profitable rates, and enough are willing to lose accounts and watch their book of business shrink in

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Looking Ahead 2018 - P&C  

As we “look ahead” to 2018, our goal with this guide is to lessen the mystery around property and casualty (P&C) insurance and risk manageme...

Looking Ahead 2018 - P&C  

As we “look ahead” to 2018, our goal with this guide is to lessen the mystery around property and casualty (P&C) insurance and risk manageme...