2023 Cyber Insurance Market Outlook

Evolving technology, increasing threat vectors and growing attacker sophistication has continued to drive up both the frequency and severity of cyber incidents, resulting in an ongoing rise in cyber insurance claims and subsequent underwriting losses. Amid these market conditions, most policyholders experienced higher cyber insurance rates throughout 2022. In addition to elevated premiums, insureds have…

Small Business Trends for 2023

Small businesses have faced unprecedented challenges over the last few years. Many are hoping for a calmer 2023, but a possible recession, record high inflation and labor shortages may make that unlikely. Being aware of the small business trends for 2023 can help organizations successfully meet their challenges and find opportunities for growth. Here are…

2023 Construction Costs Outlook Remains Volatile

Inflation. Labor scarcity. A broken supply chain. These persisting conditions won’t magically disappear with the new year. Yet 2023 does mark new opportunity for construction leaders to improve project outcomes—with deeper insight on price changes. According to recent construction market analysis by Unispace, accurate price forecasting is the executives’ holy grail in a market where pricing…

2023 Commercial Property Insurance Market Outlook

The past five years have seen the commercial property insurance market progressively harden, evidenced by consistent rate increases since 2017. However, according to industry data, such rate jumps showed some signs of stagnation in early 2022, with average increases staying within single digits. Going into 2023, rates are still on the rise. Some insureds are…