Prior to the COVID-19 pandemic, the insurance industry was already amid challenging times. Natural catastrophes, increasing jury awards in liability cases, and medical cost inflation all resulted in premium increases coupled with drastic limits cuts—and that was before the global pandemic threw the market into more upheaval. Although the market has since stabilized to an extent over the last year, factors such as the current inflationary period, the war in Ukraine, and ongoing supply chain disruptions have created more economic uncertainty that has, in turn, impacted premiums.