Core Insights - U.S. commercial insurance rates increased by 5.3% in Q1 2025, continuing a downward trend compared to the previous two quarters which saw increases of 5.8% and 5.6% respectively [1][2] - The aggregate price increase of 5.3% in Q1 2025 is lower than the 6.3% recorded in Q1 2024, indicating a year-over-year decline in rate increases [1][2] Pricing Trends - Commercial Auto insurance maintained a double-digit increase, although it was lower than the previous quarter, while Commercial Property exhibited a strong downward pricing trend with only a slight increase compared to the double-digit increase a year prior [2][3] - Professional Liability rates showed a higher increase this quarter but remain relatively low compared to most other lines [2] Market Commentary - The reduction in rate increases is viewed as a positive sign for buyers, although persistent double-digit rate increases in areas like Commercial Auto indicate ongoing pricing challenges in the market [3] - Excess/Umbrella Liability is another coverage area that continues to see double-digit rate increases [3] Survey Methodology - The Commercial Lines Insurance Pricing Survey (CLIPS) is based on new and renewal business figures from carriers, representing a cross-section of U.S. Property & Casualty insurers, including many of the top ten commercial lines companies [5] - For the latest survey, 41 participating insurers contributed data, representing approximately 20% of the U.S. commercial insurance market [5]