2023 Commercial Auto Insurance Midyear Market Outlook

Posted August 16, 2023

The commercial auto insurance market has encountered significant underwriting losses and plummeting profitability for more than a decade. Although the segment continues to face challenging market conditions, rate increases mostly remained in the single digits in 2022, demonstrating signs of stagnation compared to double-digit rate hikes in prior years.This document outlines midyear trends in the commercial auto market and provides tips for insurance buyers.

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