Conditions are Favorable for U.S. Commercial Insurance Buyers, but Economic Uncertainty Abounds: Lockton Market Update

KANSAS CITY, Mo., June 25, 2025 /PRNewswire/ -- The current landscape is arguably the most favorable for U.S. commercial insurance buyers in the past five to six years. However, the significant uncertainty surrounding the broader economy — and its potential ripple effects on the insurance market — makes this a pivotal moment for both buyers and insurers, according to the latest edition of the  Lockton Market Update .

The quarterly report published by Lockton, the world's largest privately held and independent insurance broker, offers timely and relevant insights for commercial insurance buyers. The June report details U.S. economic activity, the ongoing trade war, and a spotlight on geopolitical risk.

"2025 has been anything but predictable," said Vince Gaffigan, Lockton's U.S. Market Strategy and Engagement Group Leader. "From social inflation and tariffs to regulatory shifts, geopolitical tensions, and a highly volatile stock market, the challenges are complex and interconnected. In times like these, the Lockton Market Update isn't just helpful — it's essential for businesses evaluating their insurance strategies."

Rates continue to fall across multiple lines as insurers compete for existing and new business, particularly in property, financial lines, and specialty coverages. Third-party liability, where pricing and capacity challenges persist, continues to be the most notable exception.

"In today's environment, it's essential to look beyond short-term premium savings and instead focus on building resilience," said Greg Spore, Lockton's U.S. Financial Services Market Leader. "That means gaining a deeper understanding of your risk profile, enhancing coverage where it matters most, and making strategic decisions about how and where to deploy capital."

Explore the June 2025Lockton Market Update now for more insights and recommendations for insurance buyers.

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 13,000+ Associates doing business in more than 155+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

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SOURCE Lockton