Insurance market review

The Marsh Australian mid-year insurance market update is a detailed report that helps insurance buyers, brokers and industry professionals stay informed about market dynamics and make strategic decisions.

In the small and medium enterprise (SME) insurance market, each industry faces unique risks, which dictate the type of insurance and level of coverage required.

Here, we take a deeper dive into the trends within five key industries, highlighting changes in the market and the focus of insurers. Our expert team of brokers also offer tips on how to achieve a favourable insurance renewal.

Real estate

Australian professional indemnity insurance for real estate agents has become more stable, and cyber premiums are decreasing, however insurers are focusing on any changes to an agency's business mix.

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Accountants

Market conditions for PI insurance for accounts has become more favourable in 2025, however insurers are focusing on how well insured businesses manage their risks in line with regulatory changes.

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Event contingency

Event cancellation insurance rates have started to stabilise or even decrease in 2025 due to increased competition. Newer insurers in the market are more willing to lower prices to attract customers.

Trades

Competition is returning to the insurer market giving tradies more room to negotiate and compare policies. However, there is an increase in claims linked to materials and the increase in material costs.

Transport and logistics

The Australian transport insurance market continues to grow with an increase in premiums in 2025 due to a range of factors, including increased accident frequency and rising costs of repairs due to inflation.

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.

This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238 983) (“Marsh”) and Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238 369) (“MAI”) arrange the general insurance (i.e. not the Discretionary Trust Arrangement) and are not the insurer.

Discretionary Trust Arrangements are issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417 964) (“JGS”). Any advice or dealing in relation to a Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). The cover provided by a Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.

For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements (PDSs) available from the relevant product issuer. Target Market Determinations (TMDs) are available here.

LCPA 25/934