The U.S. commercial property market continued to harden through late 2022, a trend that began gaining momentum in 2020 and was expected to persist into early 2023. Inflationary pressures added further strain as rising material and labor costs affected supply chains and claims expenses. These challenges, combined with residual impacts from the pandemic and industry‑wide losses, pushed buyers to explore alternative risk solutions. By leveraging captives, parametric products and other innovative structures, organizations sought greater control, cost stability and resilience amid an increasingly pressured property insurance landscape.

Join for free to read