Market Pulse
Quarterly Pricing Intelligence
Discover a comprehensive view of premium trends and the market dynamics driving insurance costs in the latest Market Pulse report. View now for actionable insights.
ESSENTIAL PRICING INSIGHTS BY LINE OF BUSINESS
Key highlights across property & casualty markets
Explore the latest trends shaping pricing and risk across major property and casualty lines, including commercial auto, general liability, umbrella, workers’ compensation, management and professional liability, and cyber.
Commercial property
The commercial property insurance market softened in Q3, with clean, loss-free accounts seeing rate relief and pricing momentum shifting. Savings are enabling insureds to secure higher limits that were previously cost prohibitive or unavailable. In habitational property, competition has driven premium decreases, deductible reductions, and expanded terms. Soft conditions are likely to persist in 2026, barring significant weather events.
Commercial auto
The commercial auto liability market remains challenging. Loss ratios above 100% reflect claims costs exceeding premium income, driven by several factors. Insurers are placing greater emphasis on loss control strategies to combat rising costs and improve risk profiles. Upward pricing pressure and tight underwriting discipline persist as insurers focus on loss control and technology-driven solutions.
General liability
The general liability (GL) market in Q3 showed stable pricing for low-risk segments but increased rates for high-hazard and loss-affected accounts. Habitational and hospitality classes face heavy scrutiny, higher deductibles, and exclusions amid social inflation and litigation trends. Insurers are focused on stricter underwriting, loss control, and alternative risk-transfer options to manage escalating costs and legal pressures.
Umbrella
The umbrella and excess liability market in Q3 remains tight and capacity-constrained, with rising attachment points, fragmented tower structures, and higher self-insured retentions. Social inflation, nuclear verdicts, and reinsurance pressures drive upward pricing and structural complexity, especially for high-risk accounts.
Workers’ compensation
The workers’ compensation market continues to perform steadily. However, insurers are adapting to rising medical inflation, evolving workforce dynamics, and changing loss behaviors. Legal pressures further complicate claims management and reserving strategies.
Management & professional liability
The market pulse index rose, reflecting exposure changes and limit decisions. Directors & officers liability renewals show softening stabilization. Employment practices liability underwriters are focusing on venue and compliance risks, while fiduciary liability underwriters emphasize oversight and cybersecurity. Competitive conditions persist but may firm in early 2026 if claims rise.
Cyber
Class action lawsuits and third-party vulnerabilities continue to pick up traction. The market remains stable, with insurers monitoring claims and profitability. Policy terms now address emerging risks and new MGAs offer enhanced coverage, while insurers invest in API-enabled underwriting for greater efficiency.
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