Where commercial insurance rates are heading

Commercial insurance rates in Canada fell 7% in Q2 2026 after a 6% drop in Q1, driven by increased capacity and lower reinsurance costs. Property rates declined 8%, casualty rates fell 4%, and financial/professional lines dropped 7%. Commercial auto remains challenged due to rising costs and litigation. Cyber insurance rates decreased 6%, with expanded coverage and more capacity from new market entrants. Some clients reinvested savings to reduce retentions or increase limits.