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October 15, 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 - Q3 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 remained soft through Q3 2025, with average renewal rates declining by approximately 7%year-over-year. Over the past 3 months, an average of 81% of accounts renewed with no rate increase while an average of 19% of accounts experienced any rate hikes, reflecting sustained downward pricing momentum.
Catastrophe activity remained within expected ranges, preserving underwriting confidence. This stability continues to attract capital inflows through reinsurance and insurance-linked securities (ILS), expanding available market capacity.
While the market is favorable, macroeconomic pressures are creating new underwriting concerns. If tariffs continue to escalate, insureds may face supply chain disruptions and increased costs of goods sold. This could lead to revenue growth that does not reflect real financial strength, prompting underwriters to adjust pricing. Brokers should focus on demonstrating stable operating income and margins to mitigate any perception of artificially inflated exposures.
E&S renewal volumes remained robust, peaking in July and signaling consistent market engagement even as rates continued to ease. Competitive pressure across shared and layered placements has helped maintain strong deal flow throughout Q3.
Market conditions remained favorable as expanded reinsurance capacity and strong carrier competition drove rate relief and improved terms. The outlook through Q4 2025 remains stable and buyer-friendly, barring significant late-seasoncatastrophe events.