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July 17, 2025
Errors and Omissions
REDY
REDY Index
REDY-Index
The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.
Errors + Omissions REDY® INDEX - Q2 2025 MONTHLY RENEWAL PRICING ANALYSIS
Results displayed above reflect average CRC Group Errors + Omissions renewal pricing changes by month (over the previous 12 months). Results are limited to brokerage accounts that renewed in the same month as the prior year with the same total account limits. To remove outliers, the top and bottom 1% of accounts by YoY % change have been removed, as well as the top and bottom 1% of accounts by rate online (Premium/Limit*100). The REDY Index is intended for educational purposes only as individual accounts typically differ from average pricing trends.
Errors + Omissions Emerging Issues
Misc. E+O: The MPL market remains soft in Q2 2025, with abundant capacity across both standard and non-standard markets. New entrants— primarily wholesale-only facilities—are driving down rates on many accounts. Experienced underwriters are offering greater flexibility on classes, terms, and customizations. Most are prioritizing retention over rate, showing a willingness to renew at reduced premiums when needed.
A+E: The A&E market continues to soften, with increased capacity and aggressive quoting, especially from wholesale-only MGAs. Rate reductions are common as underwriters focus on retaining business, often at lower premiums. Project-specific offerings are also becoming more accessible, with reduced minimum premiums and increased availability. While residential and condo exposures remain challenging, competition is strong for small, clean accounts. Mid-market placements are benefiting from broader policy flexibility, although certain disciplines—such as geotech, structural, and soils—still face modest rate increases.
Lawyers: While submission volume remains low, pricing has stabilized. Underwriters are showing more flexibility on acceptable practice areas, but remain sensitive to application changes—quotes may be amended or pulled quickly. Carriers continue to tread cautiously with solo practitioners and small firms, but rates overall remain competitive.
Real Estate: New markets continue to enter the Real Estate Developer (RED) space, leading to lower minimum premiums and broader accessibility. RED policies are increasingly used as a comprehensive solution for clients with both construction and real estate exposures, often replacing separate policies. Coverage enhancements and targeted sublimits are becoming more common. In addition, limited markets are now offering RED options for Financial Institution (FI) accounts, adding new possibilities in a space that previously had few viable solutions. Competitive pressure remains high, especially on larger insureds, creating a favorable environment for brokers to push for improved pricing and terms.