Market News

US property and casualty (P&C) insurers saw improved 2024 results despite persistent secondary peril losses. Higher investment income and rate increases helped offset underwriting losses. However, challenges from weather-related claims, reinsurance capacity, and rising litigation costs continue to pressure the industry as it pushes toward rate adequacy in key personal and commercial lines. Read More

The Council of Insurance Agents & Brokers (CIAB) Q4 2024 "P/C Market Survey" reveals a 1.8 percent decline in cyber insurance premiums, while commercial auto rates rose 8.9 percent for the 54th consecutive quarter. Most lines saw stable or moderating increases, with market conditions leveling out heading into 2025 despite ongoing litigation, inflation, and underwriting challenges. Read More

According to the Ivans Index, most commercial insurance lines saw year-over-year premium renewal rate increases in January 2025, including commercial auto, businessowners policy, general liability, commercial property, and umbrella. Workers compensation was the only line to experience a decline compared to January 2024. Read More

US surety insurers benefit from rising construction spending, but higher loss ratios in 2023–2024 have tightened underwriting standards. Public infrastructure projects and new technology investments offer continued growth opportunities, while economic inflation and labor shortages present challenges. Federal funding initiatives further support market expansion for surety coverage providers. Read More

Global commercial insurance rates declined 2 percent in the fourth quarter of 2024, per Marsh, marking a second consecutive drop. Property, financial lines, and cyber insurance saw decreases, while US casualty rates rose 7 percent. Regional trends varied, with Pacific rates falling the most at 8 percent, while Latin America and other regions saw modest increases. Read More