According to CIAB's Q3 2023 Market Survey, respondents reported an average increase among all lines of business of 8.1%, slightly down from 8.9% in Q2 and 8.8% in Q1.
Most lines experienced moderation in premium pricing increases in Q1 2023. Results from the survey showed an average increase of 8.8% across all account sizes, up slightly from the 8.0% recorded the previous quarter.