Commercial Lines Insurance Pricing Survey 2025 Q2
U.S. commercial insurance prices grew again in the second quarter of 2025, according to WTW’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the second quarter of 2025 with those charged for the same coverage during the same quarter in 2024. The aggregate commercial price change reported by carriers spiked upward to nearly 10% in the second through fourth quarters of 2020. Then it started to decline and decreased to just below 5% in the fourth quarter of 2022 but increased to above 6% in the second quarter of 2023. Over the past six quarters, the price increase has been very close to 6%, dropping in the second quarter of 2025 to slightly under 4%.
Data for nearly all lines continue to indicate moderate to significant price increases in the second quarter of 2025 with the exception of workers compensation, directors' and officers' liability, commercial property and cyber. Most of the lines had a lower price change compared with the previous quarter. The largest price increases continued to come from excess/umbrella liability. Commercial auto still retained a double-digit price increase. After having significant price increases during 2023, commercial property had its first price decrease during the second quarter of 2025, following several quarters of progressively moderating price increases.
When comparing account sizes, reported price increases for small and mid-market accounts were slightly lower than the previous quarter. Large accounts still retained a price increase but again had a larger downward movement from the prior quarter. Specialty lines continued to have a small price increase as a result of the price increase in professional liability offsetting the price decrease in directors’ and officers’ liability.
| Title | File Type | File Size |
|---|---|---|
| U.S. commercial insurance prices showed an aggregate increase just under 4% | .7 MB |
