9 Rate trends • Rate increases averaged 8%–11% in Q4 2022 for larger risks and more for accounts with loss history challenges, and/or much higher for catastrophic exposed properties. • Accounts with signi昀椀cant exposure in Florida and that are predominately Our recent three-part blog series o昀昀ers additional insights: written by excess and surplus lines carriers are beginning to see rate Is in昀氀ation leaving your business underinsured? increases in the 30% to 100%+ range with an overall reduction in available capacity. Are underinsured risks hurting your bottom line? • We’ve seen signi昀椀cant momentum from carriers implementing in昀氀ation Get ahead of increased construction costs and supply chain challenges adjustments to total insured values (from 10% to in excess of 20% in some cases) on top of these rate increases that exacerbate total overall pricing. U.S. composite insurance pricing change – property