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July 17, 2025
Property
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.
PROPERTY REDY® INDEX - Q2 2025 MONTHLY RENEWAL PRICING ANALYSIS
Results displayed above reflect average CRC Group Property 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 Property Issues
The property market continued to soften in Q2 2025 as we have seen rates reduce by an average 5% for the past 3 months, despite elevated catastrophe losses. Insured global property losses for the first half of the year are estimated between $70-$90 billion, driven by $20–$30 billion from California wildfires and $20 billion from severe convective storms. Recent flooding in Texas—primarily affected rural areas with low flood insurance take-up—has added uncertainty, while the impact of flooding in other parts of the US is still being evaluated.
Capital inflows via CAT bonds and insurance-linked securities (ILS) are expanding available capacity. Reinsurers achieved 10–15% rate reductions on 2025 treaty renewals, enabling carriers to adopt a more aggressive posture on pricing and risk deployment.
Rate relief remains widespread, particularly on shared and layered placements. Most clients are realizing average rate decreases of 5–15%, with select programs seeing rate reductions of 20–40% or more. Program restructuring continues to play a key role in increasing competitive pressure. Rate reductions on single-carrier placements are more measured, generally in the single to low double-digit range.
Terms and conditions continue to improve in favor of insureds. Reductions in AOP and CAT deductibles, increased sublimits, and the broader availability of blanket coverage are the norm. Both new and incumbent markets are expanding participation across primary and excess layers, creating a favorable environment to enhance coverage while reducing total cost of risk.