State of the Insurance Market Report

2024 Initial Outlook:
Rate Table

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Industries

Forecast
Aviation
+5% to +25%
Cannabis — Directors & Officers
-10% to Flat
Cannabis — All Other Lines
+5% to +15%
Education — Student Health
Flat to +5%
Education — Property
See Property
Education — Management Liability
Flat to -5% decrease for well-managed programs. Poorly managed may see increases up to +10%
Education — Cyber
Flat to +10% decrease for accounts with strong controls and good loss history; +5% or higher increase for accounts with subpar controls and/or negative claims history
Education — Casualty - Auto
+5% to +20%
Education — Casualty - Workers' Compensation
Flat to +5%
Education — Casualty - General Liability
+1% to +10%
Education — Casualty - Umbrella
+1% to +20%
Entertainment — Film/TV
Flat to +5%
Entertainment — Broadway/Theater
Flat to +5%
Healthcare — Management Liability
+5% to +10%
Healthcare — Managed Care E&O
+10 to +15%
Healthcare — Managed Care, Accident & Health Reinsurance
+8% to +20%
Healthcare — Physician Medical Malpractice
Up to +15%
Healthcare — Excess Liability
+10%
Healthcare — Property/Non-CAT Exposures
+5% to +10%
Healthcare — Auto
+5% to +10%
Healthcare — Workers’ Compensation
Flat to +5%
Healthcare — Primary Professional Liability
+10% to +20%
Fine Art
Flat to +5%
Fine Art — High Risk
+25% to +50%
Marine Business
+15% to +25%
Nonprofit & Human Services — Property - Average Risk
+5% to +10%
Nonprofit & Human Services — Property — Below Average Risk
+10% to +30%
Nonprofit & Human Services — Auto
+6% to +13%
Nonprofit & Human Services — Casualty - Good Loss Experience
+3% to +6%
Nonprofit & Human Services — Casualty - Poor Loss Experience
+15% to +20%
Nonprofit & Human Services — Umbrella
+5% to +10%
Nonprofit & Human Services — Cyber
Flat to +15%
Nonprofit & Human Services — Management Liability
Flat to +15%
Private Equity — D&O Private
-10% to flat
Private Equity — D&O Public
-10% to flat
Private Equity — Reps & Warranties
-10% to -15%
Professional Services - Architects & Engineers
-5% to +5%
Professional Services — Law Firms
-5% to +5%
Real Estate
See Property
Relocation
+5% to +7%
Transportation — Auto Liability
+20% to +25%
Transportation — Physical Damage
+20% to +25%
Transportation — Umbrella Liability
+25% to +100%
Waste & Recycling — Auto
+10% to +40%
Waste & Recycling — Excess
+10% to +50%
Waste & Recycling — Property
+10% to +75%

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2025 State of the Insurance Market: Initial Outlook and 2024 Wrap-Up

The contents of this report are for general informational purposes only and Risk Strategies Company makes no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of any information contained herein. Any recommendations contained herein are intended to provide insight based on currently available information for consideration and should be vetted against applicable legal and business needs before application to a specific client.