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WTW: Large commercial insurance pricing dips for first time since 2017
WTW says Q2 2026 aggregate commercial premiums rose 0.5%, down from 2.5% in Q1 2026, with commercial property driving the broad retreat.
Large commercial accounts saw their first aggregate price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey, as an eight-year stretch of higher rates began to unwind across the commercial market.
WTW reported that Q2 2026 aggregate commercial pricing increased 0.5%, compared with 2.5% in Q1 2026 and 3.8% in the same quarter a year earlier. The survey found commercial property posted the largest drop, with prices falling more than in the prior quarter, continuing a pattern seen in other commercial property benchmarks this year.
WTW said improving loss conditions and the weight of capital in the market gave insurers more room to compete on price. The survey also noted the overall movement masks differences by line and account size, including D&O returning to a small price increase after several quarters of decreases, while general and products liability continued to moderate without turning negative.
The WTW analysis draws on data from 43 participating companies representing about 20% of the US commercial insurance market, and it highlights that softer conditions can still bring changes to coverage terms such as narrowed coverage or added exclusions even when premiums fall. WTW added that casualty remains a key fault line for rates, citing ongoing pressures like social inflation and nuclear verdicts even as capacity grows elsewhere.