Global consulting, brokerage and solutions firm WTW reported that U.S. commercial insurance rates increased 3.8% in the third quarter of 2025, continuing an easing trend observed earlier this year.
This follows increases of 3.8% in the second quarter of 2025 and 5.3% in the first quarter of 2025, according to WTW’s Commercial Insurance Pricing Survey (CLIPS).
WTW’s CLIPS survey, which compares policy premiums in a given quarter to the same period a year earlier, showed commercial insurance rates rose 3.8% in the third quarter of 2025, down from a 6.1% increase in the third quarter of 2024.
Price growth slowed across most commercial product lines during the quarter. Workers’ compensation, directors and officers liability, network coverage and commercial property rates all declined. Excess liabilities and umbrella liabilities continued to see the largest increases, but at a slower pace than in previous quarters.
Commercial auto insurance continues to see double-digit growth and remains one of the fastest growing insurance categories. In contrast, the interest rate increases for small and medium-sized accounts are relatively mild, while premiums for large accounts are still rising, but the growth rate has slowed down significantly, indicating that the overall market has stabilized.
Yi Jing, senior director of WTW Insurance Consulting and Technology (ICT), added: “U.S. commercial insurance rates remained stable in the third quarter of 2025, continuing the gradual easing over the past two quarters.”
“While some coverages increased slightly, others remained flat, highlighting a period of more cautious pricing across the market.”
