Article ID: 298302a064b62b34595382571c65beccd48894f94d7591205e61951c450b3591
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URL: https://www.businessinsurance.com/specialty-rates-fall-in-2025-and-at-jan-1-renewals-wtw/
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Specialty rates fall in 2025 and at Jan. 1 renewals: WTW - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Specialty rates fall in 2025 and at Jan. 1 renewals: WTW by Matthew Lerner Agents and Brokers , Energy , Excess and Surplus Lines , General liability , Marine , P/C Insurers , P/C Pricing , Property Willis Towers Watson May 6, 2026 Rates in the specialty insurance market declined during 2025 and at Jan. 1, 2026, renewals, reaching levels last seen in 2021. At Jan. 1 renewals, 75% of the 42 material classes showed rate decreases, compared with 30% of classes in 2024, according to a report Wednesday from Willis Towers Watson. “Based on the Specialty Insurance Marketplace Survey insurance rate index, expected performance … in 2025 has unwound the rate strengthening gains of the last few years back to levels last seen in 2021,” the report said. The survey is built on data contributed by clients of WTW’s Insurance Consulting and Technology business. WTW publishes SIMS twice yearly, with the next update to be based on first-half 2026 results and the July renewal. Specialty markets are declining after a multiyear spike in rates. Rates increased approximately 45% cumulatively between 2017 and the market peak in 2023, but around half of that increase eroded over the past two years, the report said. The most pronounced rate decreases have been in property and energy, followed by marine, financial institutions and professional liability, WTW said. General liability and medical malpractice markets are moving counter-cyclically to the overall insurance markets. “Substantial concerns relate to social inflation, nuclear jury verdicts and the expansion of litigation funding in this market,” WTW said. Related News Marijuana rescheduling expected to change comp reimbursement claims May 6, 2026 Complexities with return to work after violence can be bridged: Panel May 6, 2026 Lockton appoints Culbertson to lead US real estate practice May 6, 2026 Caution when using Gen AI to interpret insurance policy language: Attorney May 6, 2026 Risk reshaped by war, climate, cyber: Experts May 6, 2026 Consumers will likely have beef with Chipotle’s shrinking bowls May 6, 2026 Employers urged to balance cost, compliance and care in comp claims May 6, 2026 RIMS honors risk managers during annual conference May 6, 2026 Tehran warns insurers over Hormuz transit May 6, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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