Accounts with Critical Catastrophic exposures and losses will most likely face renewals with increased rates, fewer broad terms and reduced capacity. (Photo: Shutterstock) Commercial property accounts with critical catastrophic exposures and losses will most likely face renewals with increased rates, fewer broad terms and reduced capacity. (Photo: Shutterstock)

This year has commercial property carriers experiencing a multitude of industry challenges. As a result, the industry will see continued changes in the market as carriers look to bring their property books back to a more profitable level.

From increasing rates and deductibles to fewer classes of business and stricter underwriting, the following are key industry challenges facing commercial property risks.

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Commercial Lines
Commercial Lines