Global P&C insurance rates stabilise after hikes

Reinsurance rates globally are expected to be flat or slightly lower in 2025.

Global property and casualty (P&C) insurance premium rates have stabilised following a multi-year period of increases across most lines of business, according to CreditSights. 

In commercial lines, rate growth has either flattened or moderated.

Reinsurance rates globally are expected to be flat or slightly lower in 2025, but pricing will likely continue to support attractive returns.

In the US, retail home and auto insurance have struggled with inadequate pricing in recent years, driven by inflation, social cost pressures, and elevated catastrophe (CAT) losses. In Europe, retail premium rates are largely adequate, except in Germany, where inflation and high claims frequency are prompting the need for further rate hikes.