According to The Council of Insurance Agents & Brokers (CIAB) qu
arterly survey, commercial property/casualty premiums across all
account sizes in the second quarter 2025 rose by 3.7%–down from the ave
rage increase of 4.2% from the first three months of 2025.
“Softened market conditions were again evident this quarter,” said CIAB in its report.
Although Q2 2025 marks the 31st straight quarter of increases acros
s all account sizes, all lines of business except umbrella had flat premium
ms or lower premium increases than Q1, and five lines of business recorded in premiums this quarter: c
yber, directors & officers, employment practices, terrorism, and workers' compensation.
CIAB reported that umbrella premiums increased the most at an
average 11.5%. The association says legal system abuse remains the main driver behind umbrella premiums.
D&O premiums during Q2 decreased 2.5%—the largest out of the five lines.
CIAB noted that premium increases for large accounts moderate
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d the most in Q2, falling 45% from Q1 to an average premium increa
se 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—which can contribute to premium reduction—and that they o
bserved ‘more capacity and slight reduction in premiums’ for large accounts, others noted upward pressure on l
arge account premiums remain,” CIAB said.
Meanwhile, according to the Ivan Index for July, renewal rates changes were down for commercial auto, businesso
winners policy, and commercial property but up for general liability, umbrella and
workers comp (the only line of business to see encouragement at renewal.
The Chicago-based technology provider for insurance carriers, agents, and managing general agents said premi
um 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' Compensatio
n: -1.48%, up from -1.61% last month