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Welcome to Echo.
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The market closed at a steady place for financial institutions in 2025.
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Banks and credit unions are seeing stable conditions, with underwriting focus on financial performance
and professional liability.
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Smaller asset managers continue to get competitive pricing, while larger firms are facing stiffer terms after recent claims.
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For loan portfolios, coverage capacity remains strong.
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As we head into 2026, expect steady conditions with more focus on
cyber risks, bond exposures, regulatory changes and M&A activity.
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The construction and infrastructure market settled in 2025. General liability rates have stabilized and workers’ compensation is shifting between a 10% decrease and a 5% increase.
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Builder's risk pricing improved after a quiet catastrophic event season, and firms with strong risk profiles are often seeing flat or even lower rates.
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For law firms, professional liability renewals remain favorable, typically flat to plus 3% for firms with clean loss histories, while EPLI remains more challenging in high-risk jurisdictions.
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Cyber coverage is steady, with smaller and midsize firms seeing slight increases up to 5%.
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In 2026 law firms are expected to pursue mergers and acquisitions to boost scale and efficiency, and utilize AI to boost service offerings.
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To get the full scoop on market trends for financial institutions, construction
and infrastructure and law firms in cyber, check out the full 2025 Year-End NFP P&C Client Trend Report.
Welcome to Echo.
As we move through the year, here are some trends organizations can expect in 2026.
Financial Institutions
The FI market closed the year with steady conditions while underwriting remained centered on financial performance and professional liability. Smaller asset managers saw competitive pricing, while larger firms faced tougher terms driven by recent claims.
Heading into 2026, loan portfolio capacity remained strong, with heightened attention on cyber exposures, bond risks, regulatory changes and M&A developments.
Construction and Infrastructure
Market conditions stabilized throughout 2025, as general liability rates held steady and workers’ compensation varied slightly between a 10% decrease and a 5% increase. Builder’s risk pricing improved after a quiet catastrophic event season, and strong-profile firms continue to benefit from flat or reduced rates.
Law Firms and Cyber
Professional liability renewals remained favorable, typically flat to +3% for firms with clean loss histories, while EPLI continues to be challenging in high-risk jurisdictions. For cyber, coverage remains steady, with modest increases for small and midsize firms. Looking ahead to 2026, law firms are expected to expand through mergers and acquisitions and adopt AI solutions to enhance service efficiency.
Get the Full Report
Explore the full 2025 Year End NFP P&C Client Trend Report for more in-depth insights.
