Analysis

Softening market sees commercial premiums drop in all but one UK region

By 2025-05-30T06:00:00

Screenshot 2025-06-26 142755

‘For brokers, a softening market entails an increased focus on rebroking to secure the best terms and a close examination of policy wordings to advise if cheaper [cover] fits the needs of clients,’ says director

The UK commercial lines market continues to soften, with average premiums in the first quarter of 2025 seeing an 11% decrease compared to the same period last year, with all regions except the south west experiencing price drops.

This is according to the inaugural Insurance Times Commercial Lines Premium Index, in association with software house Open GI.

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