The commercial property insurance segment has been grappling with limited underwriting profitability and hardening conditions for much of the past decade, mainly due to surging catastrophe (CAT) losses, inflation issues and property valuation challenges. As such, ongoing premium jumps and restrictive coverage terms have become the norm for most policyholders. Shifting market dynamics helped ease...
The real estate sector consists of two categories: habitational and commercial. Habitational real estate pertains to residential properties, whereas commercial real estate refers to buildings utilized for business activities. This industry plays a key role in the economy, providing individuals with comfortable places to live and equipping businesses with adequate spaces to conduct their operations....