New MRH Trowe Report Looks at Various Pricing Trends

The latest report from MRH Trowe looks at trends in various insurance sectors;

Geopolitical tensions, climate risks and the digital transformation will have a growing influence on the availability and costs of insurance cover for companies in the future. This is the result of the market overview “Market Trends 2025”, which MRH Trowe presented in April. In the annual outlook, the brokerage and consulting firm analyzes developments in the broad spectrum of the insurance market and shows how small and medium-sized enterprises in particular are adapting to upcoming changes and how they can benefit from a forward-looking and adaptable insurance strategy.

“The current turbulence in trade relations and supply chains shows particularly clearly the challenges companies face today. But we don’t just want to react to the obvious, we want to actively manage the risks of tomorrow,” says Lars Mesterheide, CEO and Chief Broking Officer of MRH Trowe. “Insurance is no longer an off-the-shelf product. Companies need individual, flexible and forward-looking solutions that are tailored to their business model. With our 360-degree view, we help our customers to adapt to the changing risk landscape in all areas of insurance, benefits and finance.”

Existing trends will intensify in the current year and increasingly shape the insurance industry, according to the experts at MRH Trowe. The fragility of global supply chains as a result of geopolitical tensions is forcing companies to adapt their strategies and engage in proactive risk management. In view of increasing extreme weather events, insurers are calling for a more thorough clarification and assessment of the risk situation. Companies should also take preventive measures to minimise the financial impact of climate risks and ensure long-term resilience. The digital transformation and the increased use of AI in companies as well as corresponding regulatory developments have an impact on the liability business, among other things. As a result, an expanded focus on their own risk management is becoming increasingly important in companies.

Industrial Property and Loss of Earnings Insurance (Property)
The market for industrial property insurance is showing the first signs of stabilization, but remains challenging, especially for high-risk sectors such as wood processing or recycling. Fire and natural hazards continue to be the greatest risks. Insurers are increasingly demanding proof of risk quality, especially in fire protection. An early assessment and transparent presentation of one’s own risk situation as well as a regular review of the sums insured in view of inflation is recommended.

Commercial and industrial liability insurance (casualty)
The liability market is characterized by technological developments and regulatory innovations. In particular, risks from the use of artificial intelligence, lithium-ion technology or ESG issues are coming into focus. Companies should analyze and document their product liability risks at an early stage. In exposed sectors, rising premiums and capacity bottlenecks are expected.

Manager liability and legal protection (Financial Lines)
In the D&O market, the tense situation of previous years has eased. Premiums and terms and conditions are becoming more flexible again, but the requirements for corporate governance and risk management are increasing. Companies should currently take the opportunity to increase sums insured in order to position themselves well for a possible future hardening of the market.

Cyber insurance
The progress of innovative technologies also reflects the dynamic development in the growing market for cyber insurance. Here, the ongoing support of the management of cyber risks is becoming increasingly important and expands the field of responsibility of the insurance broker. In addition to the one-time risk analysis and the insurance cover derived from it, it is his task to permanently support his customers with regard to continuous risk prevention.

Technical insurance
In the field of technical insurance, business interruption cover remains sensitive – especially due to supply bottlenecks and long replacement times for spare parts. ESG criteria and the safeguarding of innovative technologies are playing an increasingly important role. Companies should analyze business interruption risks in detail and adjust them if necessary.

Marine transport insurance
Global uncertainties and geopolitical risks continue to influence marine insurance. Market participants are confronted with longer transport routes, rising energy costs and stricter ESG requirements. Companies should analyze their transport risks in a targeted manner and choose flexible coverage concepts that allow for quick adjustments.

Motor Fleet Insurance (Engine)
The market for motor vehicle fleet insurance continues to be characterised by rising claims costs – for example due to high spare parts prices and increased workshop wages. Insurers are responding with premium increases and selective risk acceptance. Companies should focus on active claims management and loss prevention measures to improve their insurability.

Company pension schemes & benefits
In the benefits area, the trend in company pension schemes is continuing to replace existing direct commitments with securities-linked direct commitments within the framework of a fiduciary model. With “Plug-in Pension”, MRH Trowe offers a complete solution that is particularly tailored to medium-sized companies. The platform offers a turnkey digital implementation for retirement, death and disability benefits, covering all business transactions and connecting stakeholders.

Financing solutions
Factoring, leasing and alternative financing models are becoming increasingly important – not least because of the challenges posed by traditional banks in granting loans. MRH Trowe has significantly expanded its range of services in the areas of liquidity management and balance sheet protection. This makes it possible to take an integrated view of classic risks and business aspects, which in turn expands the possibilities for companies to act.

Diverse answers to individual questions
The “Market Trends 2025” offer comprehensive market analyses by the experts at MRH Trowe for various insurance lines. The company’s specialization in the broad spectrum of the insurance market forms the basis for careful risk analyses and the definition of suitable coverage concepts tailored to the specific requirements of the respective industry. The MRH Trowe “Market Trends 2025” are available online .