The stats: Q4 2024 – Premium growth continues, but at a slower pace
The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports.
The cost of commercial insurance grew by 3.8% in 2024, driven by particularly large premium hikes in fleet and property owners.
This is according to the latest Acturis Commercial Broking Index, representing the average premium in a typical commercial book of business, which showed that 2024 was the fifth consecutive year of price increases.
In the final quarter of 2024, all of the individual classes of business represented in the index saw premiums move upwards (see chart 1), and Acturis stated
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Saga broking profits rise as Ageas deal kicks in
Saga has reported its insurance broking arm performed “ahead of expectations” in 2025, labelling the year that the double deal with Ageas started as “transformational”.
Biba 2026 Countdown: MGAA’s Mike Keating
Managing General Agents’ Association CEO Mike Keating advocates working more closely with clients and is looking forward to the energy, atmosphere and opportunity to network on Wednesday morning at the event.
Covéa more than doubles profit in 2025
Post-tax profit at Covéa Insurance soared to £72.4m in 2025, more than doubling from £32.9m the year before when it swung back into the black after years of losses.
Geo partners with Intact on marine capacity
Geo Underwriting has entered a capacity partnership with Intact Insurance for the next phase of the Ardonagh-owned MGA’s specialist marine trade offering.
First Senior picks Peach for specialist mobility and warranty scheme capacity
Peach has agreed a deal with First Senior Insurance to be the exclusive capacity provider for its core mobility insurance and extended warranty products.
Biba 2026 Countdown: Granite’s Alistair Rose
The countdown has started and in a month’s time it will be day two of Biba 2026. Alistair Rose, managing director at Granite, pitches quality over quantity when it comes to Biba Conference interactions, not least during the more chilled out Thursday when the vibes allow time for deeper connections.
Flock moves into haulage fleet with Admiral backing
Flock has launched a haulage fleet product in its first market expansion since Admiral Group signed up to buy the data-driven fleet insurance specialist.
Canopius unveils Manchester office as its second largest
Canopius has opened a permanent office in Manchester marking its second largest location after London.