Brown & Brown 2026 Market Trends Report sees softening commercial rates, more capacity, carrier competition

Core Insights - The 2026 Market Trends report by Brown & Brown indicates a shift in rate conditions favoring buyers who are well-prepared for the renewal process and have a positive claims history [1][2] - The report is the first since the acquisition of Risk Strategies, combining insights from both organizations to provide a comprehensive view of the insurance market [2][3] Group 1: Commercial Insurance - Increased competition among carriers is creating opportunities for businesses with strong risk management practices [3] - Large-scale loss events, such as wildfires and cyber incidents, continue to pose challenges [3] - Industries like transportation and hospitality, particularly in risk-prone areas, face unfavorable market dynamics in securing effective coverage [3] Group 2: Employee Benefits - There is a focus on controlling rising costs while maintaining benefit quality, leading to increased use of digital health tools [4] - Companies are balancing cost management with the need to attract and retain talented employees [4] Group 3: Personal Insurance - Climate volatility and regulatory changes necessitate stronger preparation and risk management [5] - While capacity is expanding in some areas, regions exposed to catastrophes face tighter requirements and sustained pricing pressure [5] Group 4: Overall Market Perspective - The Market Trends report provides valuable insights for businesses and employers navigating the complexities of today's insurance markets [6] - Brown & Brown leverages its extensive experience and global reach to offer enhanced knowledge and solutions [6]