2025年第二季度市场更新报告

Content When it comes to protecting what matters most inbusiness and everyday life, we believe our clientsshould never settle for less than the best. For morethan a century, we’ve relied on expertise, resources, and Market Overview.............................3 Property & Casualty......................10 Employee Benefits........................14 McGriff is part of Marsh McLennan Agency (MMA).Our solutions include commercial property and casualty,corporate bonding and surety, cyber, management Market Update by IndustrySector and Coverages...................18 Auto Dealers............................19 Aviation....................................21 Our experienced risk management specialists develophighly tailored solutions while listening, learning, andexecuting with precision under the guidance of our four Construction............................26 Cyber.........................................31 Energy.......................................35 Integrity:We do what we say, every time. Determination:We relentlessly pursue success on Environmental.........................39 Passion:We are specialists in our field driven to Flood.........................................42 Marine......................................45 Collaboration:We build strong relationships withteammates, partners, and you to create the best Public Company Directors Join the thousands of businesses, organizations, andindividuals across the country who choose McGriff, a firmdedicated to building long-term relationships and helping Public Entity.............................50 Real Estate & Hospitality.......55 Restaurants..............................59 With McGriff, you’ll never have to settle for less. Senior Care..............................61 Transportation.........................64 Market Overview With the exception of Commercial Auto and Umbrella, all other insurance lines showedlower premium increases in Q1 2025 than in the last quarter of 2024, signaling softened Premiums across all account sizes rose by an average of 4.2%, down from the 5.4% increase in Q4 2024. Five linesrecorded decreases in premiums: Cyber Liability, Directors & Officers Liability, Employment Practices Liability, As in Q4 2024, Commercial Auto and Umbrella policies had the highest average increases in premiums of all lines thisquarter, at an average of 10.4% and 9.5%, respectively, higher than the last two quarters. Third-party litigation funding Commercial Property Insurance The Commercial Property insurance market continues to improve in 2025, with premium increases slowing downto 2.9%, a 50% decrease from Q4 2024. Despite the January wildfires in California, new underwriter flexibility on However, while the market is softening, improvements are uneven between program types. Shared/layered placementsare seeing steep rate decreases with improved coverage terms, while single-carrier renewals are still experiencingincreases, especially for complex risks. Industries such as chemical and wood manufacturing are seeing increases of 7% Severe convective storms (SCS), with hail, wind, and tornadoes, remain a concern for insurers. So far in 2025, therehave been 689 reported tornadoes in the U.S., including 81 that were EF-2 or higher, according to the National Oceanicand Atmospheric Administration (NOAA). Most U.S. markets have moved to percentage deductibles of 1-5%, depending 2025 Annual Preliminary Report Summary In addition, the 2025 hurricane outlook remains higher than average. While the Property insurance market has improved, Evaluate Risk Retention and Sublimits in Your Program Structure Review your optimal risk-retention level to optimize your program structure. Structures such as plus aggregates or Explore Bifurcating Programs Understand what is behind your program’s cost. A specific location, construction type, or risk in your portfolio of propertiesmay be driving up your probable maximum loss (PML) or average annual loss (AAL). Explore a stand-alone solution for this Analyze Non-traditional Program Structures Non-traditional programs may include alternative risk transfer (often called “ART”) solutions that allow you to self-insure a portion of your property risk while complying with lenders by providing “A” rated paper. You can also considerparametric coverage, a type of non-traditional derivative triggered by the degree to which a peril exceeds preset Protecting Your Assets Planning for Renewal Remember that “data is key,” so we recommend thatyou proactively work with your broker to ensure yoursubmission/underwriting package will go to the “top of McGriff’s experienced Property insurance specialists •Review critical operations to assist in developing orenhancing your business continuity plan.•Assess and mitigate property risk using catastrophemodeling. •Ensure exposures are current with full COPE dataduring the coverage term, particularly for any midterm •Provide renewal exposure updates early (120days out