Market offerings continue to expand, exemplified by the introduction of new D&O wording earlier in the year. This product provides comprehensive protection, ensuring policyholders are adequately prepared for future uncertainties. Securing broad coverage now is recommended, as future conditions may restrict opportunities for enhanced coverage.

While typical rate reductions range from 5% to 10%, some accounts deemed overpriced have seen discounts as high as 40%, although these cases are exceptional. The primary drivers of rate decreases are heightened competition and strategies to mitigate insolvency risks.

Insurers in the D&O market are exhibiting significant appetite, targeting previously overlooked sectors to achieve growth. There is increased focus on assessing the financial resilience of insureds, reflecting concerns about insolvency risks.

The D&O insurance market in 2025 experienced softening conditions and increased competition, with no entirely new insurers entering the market in the last 12 months. However, the MGA sector is growing rapidly, and we have seen several new companies enter the D&O space over the past 12 months, backed by one or more existing insurers. By prioritising premium volume over coverage breadth, these businesses have become a significant driver of falling premium rates.