Pricing
Pricing remained stable, with modest increases across most lines of business, often driven by reinsurance. Cyber and Directors & Officers price increases continued to decelerate.
Capacity
Capacity remained generally sufficient, with the key exceptions of Cyber and Natural Catastrophe risks.
Underwriting
Underwriting remained cautious and conservative, with a heightened focus - including additional underwriter queries - on sustainability and ESG practices.
Limits
Inflation created the need for larger limits, particularly for Property, while in other lines of business, insureds continued to explore reductions to reduce premium costs.
Deductibles
Expiring deductibles were achieved in most cases with the key exception of poor-performing, loss-active risks.
Coverages
Coverages remained generally stable; however, terms and conditions related to Natural Catastrophe, Political Violence and Strikes Riots and Civil Commotion continued to be restricted and limited.
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