MarketScout's competitive position rests on its Lloyd's Coverholder status, deep specialty expertise across workers' compensation, private client, energy, healthcare, fine art, equine and professional liability lines, and a proprietary electronic marketplace linking over 30,000 retail agents with 200-plus carriers.
The company has been named one of Business Insurance's Best Places to Work in Insurance for ten consecutive years, and it administers the Certified Personal Risk Manager designation in partnership with The National Alliance.
MarketScout publishes the quarterly Market Barometer, a composite rate index for U.S. commercial property/casualty and personal-lines insurance. The Q4 2023 Barometer reported a 5.6% commercial rate increase, yielding a 4.56% full-year 2023 composite increase, with property and auto rates up the most and workers' compensation flat.
CEO Richard Kerr noted that property insurers remain cautious but are optimistic about 2024 returns, while liability insurers applied sensible rate increases.
MarketScout Corporation is an insurance distribution and underwriting company headquartered in Dallas, Texas. It operates the MarketScout Exchange, a proprietary electronic marketplace that connects over 30,000 retail agents with more than 200 carrier partners.
The company is a Lloyd's Coverholder and managing general agent for U.S. insurers, with specialty expertise in workers' compensation, private client solutions, energy, healthcare, fine art, equine, jewelry, professional liability, and other specialty programs.