Skip to main content

Report

Australian Mid-Year Insurance Market Update 2025

Detailed market analysis by insurance class

In positive news for insurance buyers, the first half of 2025 has delivered continued market improvement across most insurance lines.

Our 2025 report provides an in-depth analysis of local market insights, coverage trends, and strategic tips to help you optimise renewal outcomes and stay ahead of the latest insurance developments.

After a prolonged period of challenging conditions, the softening trend seen last year has persisted into 2025. Competition among insurers is increasing, and commercial insurance premiums are continuing to decline in general. While overall market conditions are improving across many insurance classes, renewal outcomes are varied. With some classes, particularly within the health and benefits space, still facing upward pressures in pricing.

This report covers a detailed premium analysis across 13 insurance classes, including:

This report covers a detailed premium analysis across 13 insurance classes, including:

Property

Liability

Director and officer liability

Professional indemnity

Cyber

Crime

Environmental liability

Workers' compensation

Private health

Corporate travel

Group personal accident

Group life

International health (expatriate)

Download the 2025 Australian Mid-Year Insurance Market Update to access the latest market intelligence, insurance trends, and expert insights to inform your strategic decisions in 2025 and beyond.

FAQs

Our Australian Mid-Year Insurance Market Update is a comprehensive industry report that helps insurance buyers, brokers, and industry professionals stay informed about market dynamics and make strategic decisions.

It provides insights into market trends and premium analysis across the following 13 insurance classes:

  • Market conditions continue to improve, with increased insurer competition and stabilising premiums.
  • Natural catastrophe losses remain a challenge, influencing market dynamics and pricing.
  • Liability and professional lines markets are stabilising, though some risks continue to attract scrutiny.
  • Reinsurance conditions are more favourable, supporting greater coverage options.
  • The outlook remains positive, with ongoing opportunities for organisations to optimise their insurance strategies.

By understanding current market trends, reviewing coverage options, and engaging early with insurers, businesses can negotiate better renewal terms and premiums.

Market volatility can lead to fluctuating premiums, with some classes experiencing increases due to claims trends or regulatory shifts, while others may see stabilisation through increased competition.

Since 2024, the Australian insurance landscape has experienced significant improvement in conditions, with increased competition, stabilising premiums and better financial results for insurers. Favourable reinsurance conditions and innovative solutions like Marsh’s Fast Track facility have boosted capacity and pricing stability. While natural catastrophe risks and US exposure remain concerns for insurers, overall, the market has regained momentum, offering more choice and optimism for insurance buyers.

In addition to the full report, we offer targeted updates for specific sectors. These industry-specific insights provide detailed analysis of insurance and risk trends, challenges and opportunities faced by the industry, helping you stay ahead of market developments. You can explore our industry-specific updates for construction, financial institutions and healthcare.

Industry specific insights

In addition to our report Australian Mid-Year Insurance Market Update 2025, explore our specialised industry market updates below. These detailed addendums offer a focused industry perspective on the Australian state of market, highlighting the latest insurance and risk trends, key industry insights and sector-specific developments to keep you informed and ahead of the curve.

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. 

Page Compliance ID