The U.S. commercial property and casualty (P&C) market continues to harden due to several unique and interrelated challenges. The P&C market has traditionally been cyclical. Hard markets have generally been represented by rising premiums and reduced capacity while soft markets usually see a longer period of falling rates and expanding capacity. Communication is key with both the insured and insurers, so that realistic budgets can be presented with multiple options. This webinar will provide information on the property insurance renewal process from the property underwriter’s perspective to assist public entity risk managers with budget planning and renewal preparations.
Attendee Takeaways:
- Current market trends
- Contributing causes of the hardening market
- How to prepare for the renewal process
- How to highlight your organization to the underwriters for a favorable renewal