Market Forecast

The past few years have challenged both businesses and the insurance industry. Increased claim frequency, social inflation, the COVID-19 pandemic, and new trends in cybercrime have fundamentally reshaped the insurance market as we know it. To help you navigate these shifts, we are sharing our latest Kapnick Insurance Market Insights. Understanding these changes is your first step toward protecting your organization. What Drives Kapnick Insurance Market Insights Today? Medical inflation, the rising cost of reinsurance, natural disasters, and fluctuating investment returns all contribute to the current climate. While challenging market conditions remain, we see several positive indicators for businesses. In…

The business insurance market in 2021 remains tough. Rates are rising, capacity is shrinking, and businesses are adjusting to a hard market after a decade of soft conditions. COVID-19 continues to influence pricing, coverage availability, renewals, and underwriting. Here’s what you need to know to stay ahead. Understanding 2021 Business Insurance Trends After 10 years of declining rates and abundant capacity, the market has shifted. Rates will keep rising over the next year, but the increases should be smaller than those seen in the past 18 months. Capacity is slowly improving in some areas, but excess and umbrella liability coverage…

A Letter from Jim Kapnick, CEO I began my introduction to last year’s market forecast with the note that 2019 was a year of both challenges and opportunities. Most would say 2020 was a year of straight challenges. In the US, social upheaval and an election cycle meant uncertainty and stress, while the lingering coronavirus pandemic brought considerable devastation