However, industry analysts predict that ROE will decrease by six percentage points to 13% in the current financial year, aligning with the target range of 10%-15%. This anticipated decline is attributed to moderating premium growth and softening market conditions across various insurance classes.
Gross written premium (GWP) growth, which stood at 6% in 2024-25, is expected to slow to 4.5% this year. Personal lines GWP growth is projected to ease from 9% to 6%, while commercial lines GWP growth is forecasted to remain steady at 3%.
For freelancers and self-employed professionals, these market shifts may influence insurance premiums and coverage options. It's essential to stay informed about industry trends and consult with insurance providers to ensure that your coverage remains adequate and cost-effective in the evolving market landscape.
Published: Friday 6th February, 2026
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
