Are Insurance Premiums Decreasing?

11th February 2025

We're entering a soft market—what does that mean for your business? 2025 is a buyer’s market for insurance, with insurers becoming more competitive, flexible, and often offering lower premiums after years of rising costs and strict underwriting.

Looks like we’re entering a soft market—what does that mean for your business?

2025 is shaping up to be a buyer’s market for insurance. After years of rising premiums and strict underwriting, insurers are now more competitive, more flexible, and often offering lower premiums.

For businesses, this presents a huge opportunity to:

• Reduce costs—Premiums are stabilizing or even dropping in some areas.
• Increase cover limits—Now is the time to fill previous cover gaps or take options you previously ruled out due to budget constraints.
• Enhance risk management—With Gallagher’s industry-leading risk management and H&S teams, you can take a 360-degree approach to protecting your business.

At Gallagher insurance brokers we work exclusively with ambitious, forward-thinking businesses that value strong partnerships and the right cover—not just the cheapest price. 
If you’d like to explore how the market shift could benefit your business, please get intouch with Scott Simpson scott_simpson1@ajg.com or Laura Booth laura_booth@ajg.com at Gallagher Sheffield 0114 290 1111 and we can review your current programme before your renewal. 

Now is the time to get ahead—let’s chat.