2023 Real Estate Practice State of the Market

2023 Real Estate Practice State of the Market

The BRP Real Estate Practice anticipates the challenging market conditions of 2022 and the first quarter of 2023 to continue for the remainder of the year due to several reasons, including:

The steady occurrence of severe weather and natural disaster events nationwide such as flooding, wildfires, and windstorms.

An increased emphasis by carriers on property owners and operators to utilize accurate replacement cost valuations.

A decreased appetite among carriers for certain asset types and geographies.

The cost of nearly everything continuing to rise; it is hard to dismiss the inevitable impact of inflation on the insurance industry. From construction materials to labor and services, the impact is difficult to quantify, but BRP can help you identify and evaluate options to find the best insurance and risk management solutions for your real estate portfolio.

This report explores these factors and others, as well as highlights actions owners and operators can take to position their portfolio’s renewal submission and overall risk management strategy for the best outcome — this year and moving forward.

Click Below to Download the Full Report.

Real Estate Practice State of the Market

Comments are closed.

Table of Contents

Photo (49)
From Europe to the United States GDPR’s Influence on American Privacy Laws
If you’ve visited a website in the past few years, you’ve likely encountered some type of pop-up message...
Hurricane image
Prioritizing Employees Needs After a Natural Disaster
“Should I find clean drinking water or check my work email?” Just last year, Hurricane Ian...
Photo (47)
Insurance for Wearable Collectibles
Insight Beyond Insurance Video Series
Get in contact with an advisor today to see how BKS can support you.