According to The Council of 农夫导航 Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%鈥揹own from the average increase of 4.2% from the first three months of 2025.
“Softened market conditions were again evident this quarter,” .
Though Q2 2025 marked the 31th straight quarter of increases across all account sizes, all lines of business except umbrella had flat premiums or lower premium increases than Q1, and five lines of business recorded decreases in premiums this quarter: cyber, directors & officers, employment practices, terrorism, and workers’ compensation.
CIAB reported that umbrella premiums increased the most at an average 11.5%. The association said legal system abuse remained the main driver behind umbrella premiums.
D&O premiums during Q2 decreased 2.5%鈥攖he largest out of the five lines.
CIAB noted that premium increases for large accounts moderated the most in Q2, falling 45% from Q1 to an average premium increase of just 2.9%. Small and medium accounts saw slightly larger premium increases in Q2.
“It was not clear what influenced the change in large accounts. While some respondents said that carriers were ‘slightly more aggressive’ in pursuing large accounts鈥攚hich can contribute to premium reduction鈥攁nd that they observed ‘more capacity and slight reduction in premiums’ for large accounts, others noted upward pressure on large account premiums remained,” CIAB said.
Meanwhile, according to the Ivan Index for July, renewal rates changes were down for commercial auto, businessowners policy, and commercial property but up for general liability, umbrella and workers comp (the only line of business to see decreases at renewal.
The Chicago-based technology provider for insurance carriers, agents, and managing general agents said premium renewal rate change by line of business for July 2025 were:
- Commercial Auto: 7.96%, down from 8.42% last month.
- BOP: 7.55%, down from 7.74% at the end of June.
- General Liability: 4.98%, up from June, which was 4.79%.
- Commercial Property: 7.98%, down from 8.19% in June.
- Umbrella: 8.83%, up from 8.69% in June.
- Workers’ Compensation: -1.48%, up from -1.61% last month
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