The Alternative View — Fall 2025 STATE OF THE MARKET
The Alternative View — Fall 2025 STATE OF THE MARKET
16 PagesThe commercial insurance market entering late 2025 continues to reflect last year’s trends despite economic uncertainty. Rate increases have eased across most lines, and capacity has remained strong. This environment has benefited insureds and carriers alike. According to IHS Markit, U.S. property and casualty insurers posted a combined ratio of about 94.2% in the second quarter, driven by below‑average catastrophe losses and strong performance in major business segments. This resulted in the industry’s lowest statutory combined ratio in years.
