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October 15, 2025
Excess + Umbrella
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.
Excess + Umbrella REDY® INDEX - Q3 2025 MONTHLY RENEWAL PRICING ANALYSIS
Results displayed above reflect average CRC Group Excess + Umbrella 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.
Ongoing + Emerging Excess + Umbrella Issues
In Q3 2025, price increases averaged 9.5%, reflecting a modest decline from previous quarters. This moderation was largely concentrated among cleaner, well-managed accounts, where strong operational data and loss histories supported more favorable terms. Competition was also heightened in segments where carriers deployed targeted capacity or offered attractive conditions, allowing some clients to secure renewals with smaller increases than seen earlier in the year.
Despite prices easing, underwriting discipline remained intact. Elevated submission volumes kept markets focused on quality, with underwriters prioritizing accounts with clear submission narratives, credible exposure data, and consistent loss performance.Well-managed, low-frequency accounts often achieved flat renewals, or even modest rate reductions, while higher-frequency orseverity-exposed risks continued to face a firm market environment with above-average increases and tighter terms.
Casualty rates appear more aligned with long-term trends after a multi-year catch-up, though continued volatility in auto and premises losses may restrain broad market softening. The market is neither uniformly hard nor soft, making outcomes difficult to predict. Success will depend on preparation, differentiation, and collaboration across the placement chain. Positioning clients as proactive, data-driven risk managers and engaging early with carriers on appetite remains critical to securing optimal results.