Executive summary
Property and casualty carriers continue to report generally strong underwriting results, with commercial lines demonstrating continued strength and personal lines showing meaningful improvement as the impact of rate actions takes hold. However, persistent concerns remain regarding rate adequacy, new money yields, slowing topline growth, and the sustainability of current market conditions.
Economic uncertainty remains a defining feature of the risk landscape, and a key concern for insurers and buyers. Inflation and unemployment are creeping upward again, while interest rates are edging lower, creating mixed signals for 2026.
Against this backdrop, insurers are leaning into fundamentals and showing increased discipline in underwriting, pricing, reserving, and portfolio management across all lines.
PROPERTY
remains competitive, with carriers defending books and actively pursuing new business.
WORKERS’ COMPENSATION
is stable but faces regulatory shifts and broader economic headwinds.
LIABILITY
insurers are looking to grow but are proceeding with caution amid concerns about social inflation, reserve accuracy, and emerging risks.
DIRECTORS & OFFICERS LIABILITY (D&O)
rates have largely flattened for public companies, while the market for private companies and nonprofits remains competitive with signs of firming.
EMPLOYMENT PRACTICES LIABILITY (EPL)
rates are holding steady, though carriers are increasingly focused on regulatory exposures and claim trends.
FIDELITY/CRIME
rates are stable, with continued underwriting discipline around social engineering.
FIDUCIARY LIABILITY
is stable, but insurers remain concerned about excessive fee litigation.
CYBER
continues to favor buyers, though insurers are closely monitoring systemic risks and regulatory fragmentation.
As uncertainty lingers, organizations should take a forward-looking approach to risk management and financing. Early engagement with brokers, thoughtful use of risk capital, scenario planning, and proactive renewal strategies will enable organizations to optimize their insurance programs and gain competitive advantages in a shifting market.
Pricing dashboard
