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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 2 sources · 12 days · First seen · Last updated
Global and US commercial insurance market trends
Overview
In the third quarter of 2026, global commercial insurance rates declined by an average of 5%, marking nine consecutive quarters of decreases. This trend was driven by strong financial results, favorable reinsurance terms, and expanded capacity. Property insurance rates saw the most significant reduction, dropping by 10% globally, while cyber insurance rates fell by 4%. Conversely, global casualty rates increased by 1% due to litigation and large settlements in the United States.
In the United States, the commercial auto insurance sector showed signs of improvement. Despite a $2.2 billion underwriting loss in 2025, the industry saw a 55% improvement compared to the previous year. Net premiums written increased by 6% year-over-year, and the combined ratio improved to 96.6. While liability costs remain impacted by social and economic inflation, improved financial results led to the lowest premium increases for consumers in over 10 years during the second quarter of 2026.
Entities
Timeline
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[BUSINESS] 2 sourcesAM Best reports improving trends for US commercial auto insurance
AM Best reports that US commercial auto insurers saw a 55% improvement in underwriting losses in 2025, driven by gains in physical damage profitability and lower premium increases.
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[BUSINESS] 4 sourcesGlobal commercial insurance rates decline 5% in Q3 2026
Global commercial insurance rates fell 5% in Q3 2026, led by a 10% drop in property rates. While casualty rates rose slightly due to U.S. litigation, cyber insurance rates continued to decline.
Sources
carriermanagement.com · claimsjournal.com