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Middle Market Indicator: Year-End 2023 Report

Discover emerging risks and evolving trends in the middle market by delving into our comprehensive reports—based on a survey of 1,000 middle market firms.


Insights to help middle market companies and their insurance partners understand business trends and evolving risks.

The National Center for the Middle Market is a collaboration between The Ohio State University Fisher College of Business, Chubb and Visa. It exists for a single purpose: to ensure that the vitality and robustness of middle market companies are fully realized as fundamental to our nation's economic outlook and prosperity.

In addition to the summary report, spotlight reports are available on specific industries.

Latest Findings
Latest Findings

Middle Market companies reported double digit revenue growth last year, but look to 2024 with cautious optimism

According to year-end survey results, middle market companies reported an unprecedented level of revenue growth, but anticipate slowing expansion ahead. Inflation, recession and talent shortage/employee retention were seen as top emerging risks.

mean revenue growth expected in the next year
expressed confidence in the U.S. economy
will consider increasing insurance coverage due to inflation
Press Release

News Release | 2024 Outlook: Middle Market Companies Set Economic Growth Records, Yet Remain Cautiously Optimistic Amid Emerging Risks

New Chubb and National Center of Middle Market Survey reveals inflation remains the number one risk, and rising concerns over cybersecurity, catastrophic/climate events and insurance coverage gaps.


Webinar | Middle Market Insights and Specialties Spotlight

Business leaders from Chubb and the National Center for Middle Market (NCMM) participated in a dynamic webcast panel discussion around the Year-End Middle Market Indicator findings, with a focus on cyber insurance and other specialty areas.

According to the latest report, fewer than half of Middle Market companies believed they had adequate cyber insurance, while more than half acknowledged that they needed or were considering the coverage.

Understand the data behind business outlook and performance findings, top concerns, risk management challenges as well as how they play into today’s business environment for the Middle Market. 

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