According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casu
alty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lin
es of business were either flat or lower than the last quarter w
hen premiums for all accounts increased 3.7%.
“Q3 2025 showed clear soft market conditions across the board,”
s decrease in Q3 were business interruption, commercial property, cyber, D&O, employment practices, and workers compensation.
Survey respondents cited aggressive competition in Q3, notably for
small business. Multiple respondents highlighted carriers’ appetite for smaller accounts, CIAB reported.
The cost of cyber insurance fell most out of all lines, down an average of 2.6% in Q3. CIAB said 43% of responde
nts indicated an increase in cyber underwriting capacity, with ab
out 25% calling the increase “significant.”
Commercial property premiums decreased for the first time in eight years, down an average of 0.2%. The reason cited most by respondents was an influx of additio
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nal capacity, outweighing demand. New carriers and managing general agents have entered the market as well as ret
urning carriers that left during hard-market conditions. Also, the commercial property reinsurance mark
et has improved, which has trickled down as a benefit to insureds.
Even the rate of premiums increases for umbrella coverage decreased in Q3, CIAB said the line had seen average inc
reases of 11.5% in Q2. In Q3, the increase was an average of 5.5%. “It’s not yet clear what may be influencing this abru
pt reversal in the magnitude of average premium increases for the line,” CIAB added.