| Coverage | Trend | Range |
|---|---|---|
| Property |  |
-8% to +2% |
| General liability |  |
+2% to +12% |
| Automobile | |
+5% to +15% |
| Workers' compensation | |
-5% to +2% |
| Umbrella & excess liability | |
+5% to +15% |
Key takeaways
- Property remains soft for well-managed risks; secondary perils and risk quality discipline shape outcomes.
- Automobile remains the most pressured line as carriers struggle to stay profitable; Montgomery v. Caribe widens broker exposure.
- Workers’ compensation remains the stabilizer, though rising claims costs are beginning to narrow the underwriting margin that’s kept rates falling.
- General liability is becoming more competitive for well-managed risks, while umbrella and excess discipline hinge on attachments, capacity limitations and expanding exclusions; strong data and controls separate the best outcomes across both lines.
Market outlook
Property
Competitive market conditions continue for well-managed risks. Secondary perils, valuation accuracy and business interruption assumptions remain key underwriting considerations. Tariff-related inflation and supply chain disruption continue to influence replacement cost strategies.
General liability
Competition is improving for quality risks, but social inflation, litigation funding and higher claim severity continue to pressure results. Alternative risk financing and captive solutions remain attractive options for organizations seeking greater control of casualty costs.
Automobile
Automobile remains the most pressured line of coverage. Nuclear verdicts, broker liability developments and increased underwriting scrutiny are driving continued rate pressure, particularly for larger and higher-risk fleets. Telematics and fleet safety data are playing an increasingly important role in carrier decision-making.
Workers' compensation
Workers' compensation remains relatively stable, although rising medical inflation, wage growth and claim severity are narrowing carrier margins. Employers with strong safety programs and effective claim management practices remain well positioned.
Umbrella & excess liability
Capacity remains available, but higher attachment points, emerging exclusions and reduced lead-layer capacity continue to shape program design. Organizations are increasingly evaluating program structures and benchmarking strategies to optimize coverage and cost.
Disclaimer
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
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