The Hard Market Is Finally Softening: Expert Insights to Master the Multifamily Insurance Market


Major storms like Hurricanes Ian, Irma and Ida, combined with the lengthy pandemic-era recovery period and economic instability, gave rise to the property market’s latest theme: double-double-half. Double the rate; double the deductible; half the capacity.

Despite this, trends from late last year and activity from Q1 point to stabilization, and our multifamily leaders and insurance experts agree. In our State of the Market webinar above, authorities from both the U.S. and London markets discuss the new normal for the property market, and how carriers and insureds are now embracing “split tension within reason.”

Key highlights include:

Waving “Goodbye” to sticker shock and saying “Hello” to program creativity
Waving “Goodbye” to sticker shock and saying “Hello” to program creativity
Accelerated movement, increased competition and portfolio expansion via new construction
Accelerated movement, increased competition and portfolio expansion via new construction
Higher deductibles are here to stay; after all, markets aren’t in the business of maintaining and replacing roofs
Higher deductibles are here to stay; after all, markets aren’t in the business of maintaining and replacing roofs
Parametric insurance is more of a buzz word than a benefit (for now)
Parametric insurance is more of a buzz word than a benefit (for now)
Reinsurance is a critical component to secure coverage and remain resilient in today's dynamic market
Reinsurance is a critical component to secure coverage and remain resilient in today's dynamic market
thumbnail

Free PDF – Understanding Multifamily Insurance: Decoding the Underwriter Mindset

Our real estate insurance experts and multifamily authorities share actionable insights about how underwriters evaluate your portfolio and showcase creative strategies that help maximize the value of insurance while you scale your business. 

Get Your Copy