UK Commercial Property Insurance: Market Dynamics and Opportunities 2025

This report analyzes the UK commercial property insurance market, looking at drivers of uptake across different demographics and dwelling types. It discusses the claims landscape in 2024, the commercial property market across London, and relevant regulatory changes. Incumbent competitors are analyzed and compared, along with newcomers and insurtechs operating within this space. Future impactors in the market are also examined, including climate change, sustainability, underinsurance, and the changing office environment.

GlobalData estimates that UK commercial property insurance gross written premium (GWP) rose by 8% in 2025, reaching GBP15.68 billion. This growth was largely fueled by higher repair and rebuild costs, as well as continued rate hardening across the market. In 2024, GWP rose by 7.8% to GBP14.52 billion, reflecting elevated premium levels amid persistent inflation and ongoing supply chain bottlenecks that drove up construction and reinstatement expenses. While overall claims notifications fell by 6.7% in 2024, weather-related claims bucked this trend, rising by 21.5%.

Scope

• Gross claims incurred fell by 7.93% in 2024, driven by a significant 24.19% decrease in business interruption claims.
• The 6.7% drop in claims notified was driven by a 32.1% fall in commercial subsidence claims.
• Aviva is the market leader, accounting for a 10.8% share of GWP in 2024.

Reasons to Buy

• Analyze drivers of growth within the UK commercial property insurance market.
• Determine areas of concern for insurers and the wider market, including in the claims landscape.
• Recognize the impact of inflation and the cost-of-living crisis on the market.
• Discover the market shares held by leading commercial property insurance players.
• Examine future opportunities and challenges within the market.