GITNUXREPORT 2025

Commercial Insurance Industry Statistics

Commercial insurance market exceeded $650 billion globally, growing steadily with technological advancements.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The average claim size for commercial property damage is approximately $25,000.

Statistic 2

The median retention limit for commercial insurance policies is around $50,000.

Statistic 3

The number of insurance claims filed for natural disasters increased by 10% in 2022.

Statistic 4

Employee dishonesty is the most common claim type in commercial crime insurance.

Statistic 5

Business interruption insurance claims increased by 12% during the pandemic period.

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Claims for workers’ compensation make up about 25% of all commercial insurance claims.

Statistic 7

The cost of reinsurance for commercial insurers has risen by approximately 12% over the past year.

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The average time to settle a commercial insurance claim is around 30 days.

Statistic 9

Commercial insurance fraud accounts for approximately 10% of total claims costs.

Statistic 10

COVID-19 pandemic led to a 15% increase in business interruption insurance claims.

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The number of claims for machinery breakdown increased by 9% in 2023.

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Commercial insurance claims related to warehouse fires increased by 14% in 2022.

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Businesses with fewer than 50 employees are less likely to purchase comprehensive commercial policies, accounting for 45% of policy gaps.

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The average cost of insuring a small restaurant business is approximately $1,500 annually.

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The average commercial insurance policy deductible ranges from $1,000 to $5,000.

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The commercial insurance industry’s total combined ratio was approximately 97% in 2022.

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The median premium for a general liability commercial insurance policy is around $600 per year.

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The average premium for professional liability insurance in the commercial sector is approximately $1,200 annually.

Statistic 19

The top five commercial insurance companies in the US hold over 50% of the market share.

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Small businesses account for approximately 60% of commercial insurance policyholders.

Statistic 21

The largest commercial insurer in the US holds approximately 8% of the market share.

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The global commercial insurance market was valued at approximately $650 billion in 2023.

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Commercial insurance premiums in the United States totaled over $300 billion in 2022.

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Property insurance accounts for roughly 45% of the total commercial insurance market.

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Cyber liability insurance premiums increased by 23% in 2023.

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The average cost of a commercial property insurance policy in the US is about $1,200 per year.

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Liability coverage is the most purchased commercial insurance type, comprising around 35% of premiums.

Statistic 28

The commercial auto insurance segment is growing at a CAGR of 4.1% through 2025.

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The risk management industry is spending over $15 billion annually on cyber liability coverage.

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Approximately 80% of large corporations purchase some form of commercial insurance.

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Overall, the commercial insurance industry saw a 4% increase in gross written premiums in 2022.

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The use of telematics in commercial vehicle insurance increased by 28% in the past year.

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Industry forecasts project the commercial insurance industry to grow at a CAGR of 3.2% from 2023 to 2028.

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The adoption of AI and machine learning in underwriting processes has grown by 35% over the past two years.

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The average commercial insurance policy has a term length of 12 months.

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The total number of commercial insurance policies issued in the US exceeds 15 million.

Statistic 37

The number of companies offering cyber-insurance policies increased by over 30% in 2023.

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SM Businesses are increasingly opting for bundled commercial insurance packages, with uptake rising by 18% in 2023.

Statistic 39

Premiums for pollution liability insurance increased by 20% in 2023.

Statistic 40

The number of policies covering small and medium-sized enterprises (SMEs) grew by 7% in 2022.

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In the US, commercial insurance is more prevalent in urban areas, with over 70% of policies issued there.

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Commercial insurance policies with renewable terms are increasing in popularity, representing around 65% of total policies.

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The total insured value of commercial properties in the US exceeds $10 trillion.

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The percentage of small businesses purchasing cyber liability insurance increased from 25% to 40% between 2021 and 2023.

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The global trend toward climate-related risks is driving a 12% annual increase in climate-related coverage in commercial insurance.

Statistic 46

In 2023, approximately 5% of commercial insurance policies included coverage for emerging risks such as cyber and climate change.

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The number of brokers specializing in commercial insurance increased by 15% in 2023.

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The insurance industry is investing over $2 billion annually in insurtech innovations.

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The commercial insurance industry’s technological adoption rate increased by 27% in the last year.

Statistic 50

The proportion of claims processed digitally in commercial insurance has risen to 65% in 2023.

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Key Highlights

The global commercial insurance market was valued at approximately $650 billion in 2023.
Commercial insurance premiums in the United States totaled over $300 billion in 2022.
Property insurance accounts for roughly 45% of the total commercial insurance market.
The top five commercial insurance companies in the US hold over 50% of the market share.
Cyber liability insurance premiums increased by 23% in 2023.
Small businesses account for approximately 60% of commercial insurance policyholders.
The average cost of a commercial property insurance policy in the US is about $1,200 per year.
Liability coverage is the most purchased commercial insurance type, comprising around 35% of premiums.
The commercial auto insurance segment is growing at a CAGR of 4.1% through 2025.
The average claim size for commercial property damage is approximately $25,000.
The risk management industry is spending over $15 billion annually on cyber liability coverage.
Approximately 80% of large corporations purchase some form of commercial insurance.
The median retention limit for commercial insurance policies is around $50,000.

The commercial insurance industry, a $650 billion global powerhouse with over 15 million policies issued in the US alone, is experiencing rapid innovation, rising premiums, and expanding coverage amid evolving risks like cyber threats and climate change.

Claims, Risks, and Losses

The average claim size for commercial property damage is approximately $25,000.
The median retention limit for commercial insurance policies is around $50,000.
The number of insurance claims filed for natural disasters increased by 10% in 2022.
Employee dishonesty is the most common claim type in commercial crime insurance.
Business interruption insurance claims increased by 12% during the pandemic period.
Claims for workers’ compensation make up about 25% of all commercial insurance claims.
The cost of reinsurance for commercial insurers has risen by approximately 12% over the past year.
The average time to settle a commercial insurance claim is around 30 days.
Commercial insurance fraud accounts for approximately 10% of total claims costs.
COVID-19 pandemic led to a 15% increase in business interruption insurance claims.
The number of claims for machinery breakdown increased by 9% in 2023.
Commercial insurance claims related to warehouse fires increased by 14% in 2022.
Businesses with fewer than 50 employees are less likely to purchase comprehensive commercial policies, accounting for 45% of policy gaps.
The average cost of insuring a small restaurant business is approximately $1,500 annually.
The average commercial insurance policy deductible ranges from $1,000 to $5,000.

Claims, Risks, and Losses Interpretation

As commercial insurers grapple with a 10% rise in natural disaster claims, increasingly costly reinsurance, and persistent fraud siphoning off 10% of claims costs, it's clear that balancing risk—and the inevitable claim payouts—requires both sharp analysis and a healthy dose of resilience, especially as pandemic-related interruption claims and machinery breakdowns continue to challenge the industry’s capacity to settle claims in a timely manner.

Financial Performance and Premium Analytics

The commercial insurance industry’s total combined ratio was approximately 97% in 2022.
The median premium for a general liability commercial insurance policy is around $600 per year.
The average premium for professional liability insurance in the commercial sector is approximately $1,200 annually.

Financial Performance and Premium Analytics Interpretation

With a total combined ratio near 97% in 2022, the commercial insurance industry is essentially breaking even, while businesses can expect to pay about $600 for general liability and $1,200 for professional liability—highlighting a delicate balance between risk coverage and premium affordability.

Industry Players and Market Share

The top five commercial insurance companies in the US hold over 50% of the market share.
Small businesses account for approximately 60% of commercial insurance policyholders.
The largest commercial insurer in the US holds approximately 8% of the market share.

Industry Players and Market Share Interpretation

While the Big Five dominate over half the US commercial insurance landscape, with small businesses making up the majority of policyholders, the largest insurer claiming only about 8% reveals a surprisingly fragmented market—proof that in commercial insurance, size truly isn't everything.

Market Size and Trends

The global commercial insurance market was valued at approximately $650 billion in 2023.
Commercial insurance premiums in the United States totaled over $300 billion in 2022.
Property insurance accounts for roughly 45% of the total commercial insurance market.
Cyber liability insurance premiums increased by 23% in 2023.
The average cost of a commercial property insurance policy in the US is about $1,200 per year.
Liability coverage is the most purchased commercial insurance type, comprising around 35% of premiums.
The commercial auto insurance segment is growing at a CAGR of 4.1% through 2025.
The risk management industry is spending over $15 billion annually on cyber liability coverage.
Approximately 80% of large corporations purchase some form of commercial insurance.
Overall, the commercial insurance industry saw a 4% increase in gross written premiums in 2022.
The use of telematics in commercial vehicle insurance increased by 28% in the past year.
Industry forecasts project the commercial insurance industry to grow at a CAGR of 3.2% from 2023 to 2028.
The adoption of AI and machine learning in underwriting processes has grown by 35% over the past two years.
The average commercial insurance policy has a term length of 12 months.
The total number of commercial insurance policies issued in the US exceeds 15 million.
The number of companies offering cyber-insurance policies increased by over 30% in 2023.
SM Businesses are increasingly opting for bundled commercial insurance packages, with uptake rising by 18% in 2023.
Premiums for pollution liability insurance increased by 20% in 2023.
The number of policies covering small and medium-sized enterprises (SMEs) grew by 7% in 2022.
In the US, commercial insurance is more prevalent in urban areas, with over 70% of policies issued there.
Commercial insurance policies with renewable terms are increasing in popularity, representing around 65% of total policies.
The total insured value of commercial properties in the US exceeds $10 trillion.
The percentage of small businesses purchasing cyber liability insurance increased from 25% to 40% between 2021 and 2023.
The global trend toward climate-related risks is driving a 12% annual increase in climate-related coverage in commercial insurance.
In 2023, approximately 5% of commercial insurance policies included coverage for emerging risks such as cyber and climate change.
The number of brokers specializing in commercial insurance increased by 15% in 2023.

Market Size and Trends Interpretation

With a market worth $650 billion and growth fueled by rising cyber threats and climate risks, the commercial insurance industry is proving that in the business of risk, even trees need a good policy—especially as more small and large firms alike face the unpredictable storm of modern hazards.

Technological Innovations and Digital Transformation

The insurance industry is investing over $2 billion annually in insurtech innovations.
The commercial insurance industry’s technological adoption rate increased by 27% in the last year.
The proportion of claims processed digitally in commercial insurance has risen to 65% in 2023.

Technological Innovations and Digital Transformation Interpretation

With over $2 billion poured into insurtech annually and a 27% jump in tech adoption last year, the commercial insurance industry is clearly shifting gears—digitally processing 65% of claims in 2023—proof that innovation isn't just insurance talk, but a sign of a smarter, faster future.