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2024 Outlook for the US Personal Insurance Market

Written by B. F. Saul Insurance on

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The US market for personal insurance will remain volatile in the coming year, influenced by extreme weather patterns that have become the norm, relatively high inflation, high interest rates, a persistently tight labor market, and an increasingly litigious society. With these factors weighing heavily on insurance carriers and reinsurers, the industry finds itself the subject of frequent news headlines and the target of heightened legislative focus. In this dynamic environment, depending on the type of coverage they need, consumers might find they have a plethora of options at affordable prices—or few options marked by restrictive coverage and high premiums.

This white paper reviews:

  • The state of the personal insurance market,
  • What consumers and their advisors can expect in 2024 in terms of coverage availability and rates, and
  • Steps to take to improve insurability and mitigate the potential for loss.

 

 

Download the 2024 Outlook for the US Personal Insurance Market
About The Author

B. F. Saul Insurance helps businesses and non-profits as well as families and individuals with complex needs protect their most important assets at levels customized for their risk tolerances and goals.

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