Hard P&C Market

The P&C Insurance Hard Market



Cytron Group LLC • www.cytrongroup.com • 314.757.8079

"The greatest danger in times of turbulence is not turbulence itself,

but to act with yesterday’s logic." - Peter Drucker

Free Report For Download

Considering The Hard Market & Everything That COVID-19 Has Done To The Economy, How Will You Approach Your Next Renewal?  Is It Time For An RFP For A True  Diligence Or Market Check?

We were in a "hard market" (rising prices - see downloadable pdf) even before the pandemic which has exacerbated the problem.

Lockton, one of the top 10 largest brokerage firms in the world, published a report called Redefining The RFP.  It's a "how to" for those who want to run their own RFPs.  In it the author states:


"The current insurance environment has become incredibly difficult, and a confluence of factors points to continued challenges ahead.....As a result of these changes, brokers are increasingly delivering difficult news to their clients."

Consider the unforeseen mess of Business Interruption Coverage and the many more issues still to be exposed by COVID-19.  Are you now unknowingly facing other new, adverse financial events that your current insurance program is going to have to address? 

Are you going to go to market with the same old "insurance as a commodity," bid-quote process you have always used? 

Who is illuminating possible new risks for you?  How do you learn what you don't know?

The pitfalls of running your own RFP, described in the Lockton report, can be eliminated by hiring an insurance professional to run the RFP for you.  Please review the downloadable report we created for you (it's very brief) or simply reach out to discuss any concerns you have.

Stuart Cytron • stuart@cytrongroup.com • 314.757.8079