U.S. commercial insurance rates rose 3.8% in Q2 2025, showing moderated growth compared to previous quarters.
Quiver AI Summary
U.S. commercial insurance rates rose by 3.8% in the second quarter of 2025, marking a continued decrease from previous quarters where the increases were 5.3% and 5.6%. According to WTW's Commercial Lines Insurance Pricing Survey, this year's rate increase is down from 5.9% in the same quarter last year. While most lines experienced moderated price growth, some, such as workers compensation and cyber liability, saw decreases, and commercial property had its first price decline after several quarters of slowing growth. Excess/umbrella liability experienced the largest price increases, while commercial auto sustained double-digit growth. Smaller accounts faced slightly lower increases compared to larger accounts, which continued to rise, albeit at a slower pace. Overall, the data reflects a trend towards more moderate pricing in the commercial insurance market.
Potential Positives
- U.S. commercial insurance rates increased 3.8% in Q2 2025, indicating a continued interest in insurance products amid market fluctuations.
- The moderation of price increases suggests a stabilizing market, which may increase confidence among policyholders and potential clients.
- WTW's comprehensive survey involves 42 insurers covering approximately 20% of the U.S. commercial insurance market, enhancing the credibility and relevance of the findings.
Potential Negatives
- Commercial insurance price increases have notably moderated, suggesting a potential weakening in market demand for insurance products.
- Specific lines of insurance, including workers compensation, directors’ and officers’ liability, and cyber insurance are experiencing price decreases, indicating possible challenges in those segments.
- The decrease in commercial property prices after several quarters of slowing growth could signal instability in that market segment.
FAQ
What was the commercial insurance rate increase in Q2 2025?
U.S. commercial insurance rates increased by 3.8% in the second quarter of 2025.
How does Q2 2025 compare to Q1 2025 and Q4 2024?
Q2 2025 showed a decrease from 5.3% in Q1 2025 and 5.6% in Q4 2024.
Which insurance lines experienced price decreases?
Workers compensation, directors’ and officers’ liability, and cyber insurance experienced price decreases.
What factors contributed to the moderating commercial insurance prices?
Increased stability and slight declines in some lines contributed to a more measured rate growth.
What does CLIPS stand for and what does it analyze?
CLIPS stands for Commercial Lines Insurance Pricing Survey and analyzes historical changes in P&C insurance prices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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- Barclays issued a "Underweight" rating on 04/11/2025
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- Matthew Heimermann from Citigroup set a target price of $351.0 on 08/13/2025
- Elyse Greenspan from Wells Fargo set a target price of $369.0 on 07/10/2025
- Alex Scott from Barclays set a target price of $305.0 on 07/07/2025
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $366.0 on 04/28/2025
- Andrew Andersen from Jefferies set a target price of $371.0 on 04/11/2025
- Brian Meredith from UBS set a target price of $395.0 on 03/18/2025
Full Release
NEW YORK, Sept. 10, 2025 (GLOBE NEWSWIRE) -- U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, continuing the downward trajectory from the prior two quarters (5.3% in Q1 2025 and 5.6% in Q4 2024), according to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS). The survey compares premiums for policies underwritten during the second quarter of 2025 to those for the same coverage lines in the respective quarter of 2024, providing a year-over-year comparison. Carriers reported an aggregate price increase of 3.8% in Q2 2025, down from 5.9% in Q2 2024.
Price growth moderated across most lines, with workers compensation, directors’ and officers’ liability, and cyber continuing to have price decreases, and commercial property recording its first price decrease after several quarters of slowing price growth. Excess/umbrella liability saw the largest increases, while commercial auto maintained double-digit growth. Small and mid-market accounts saw slightly lower increases, while large accounts continued to rise, but at a more pronounced slowdown.
"Amidst the ongoing general upward trend, our latest data from the second quarter of 2025 shows a moderation in commercial insurance pricing," said Yi Jing, Senior Director, Insurance Consulting and Technology (ICT), WTW. "While some lines continued to see increases, others remained stable or slightly declined, reflecting a period of more measured rate growth across the market."
CLIPS is a retrospective look at historical changes in Commercial Property & Casualty insurance (P&C) prices and claims cost inflation. A forward-looking analysis of Commercial P&C trends, outlook, and rate predictions can be found in WTW’s Insurance Marketplace Realities series.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
About CLIPS
CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross-section of U.S. P&C insurers that includes many of the top ten commercial lines companies and the top 25 insurance groups in the U.S. This survey compared prices charged on policies written during the second quarter of 2025, with the prices charged for the same coverage during the same quarter of 2024. For this most recent survey, 42 participating insurers representing approximately 20% of the U.S. commercial insurance market (excluding state workers compensation funds) contributed data.
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