_{Lockton’s March 2026 Market Update breaks down the trends shaping insurance decisions this year.}

Strong 2025 carrier earnings, improved underwriting discipline, and elevated investment income have strengthened insurers’ balance sheets and broadened capacity across many lines. Yet beneath this relative calm, structural pressures — economic, geopolitical, and legal — are reshaping risk outlooks and requiring greater precision from insurers and buyers alike.

Economic conditions point to continued but moderate U.S. growth. Most forecasts anticipate steady, if slower, U.S. expansion in 2026, with global economic realignment adding cross border complexity for multinational companies.
Across the market, abundant but increasingly fragmented capital, evolving reinsurance dynamics, and heightened geopolitical risk are reshaping how insurers evaluate volatility and return on capital. For buyers, this environment presents opportunities to optimize program design, but requires strong data, disciplined preparation, and early market engagement to secure the best outcomes.

Explore our March 2026 Lockton Market Update (opens a new window) for more insights on you can better manage risk and insurance programs.