Why the inflection matters – and its limits
Tim Rourke, EMEA P&C leader for insurance consulting and technology at WTW, said the market may be approaching a turning point but cautioned that the cost pressures driving that shift have not eased. “After a prolonged period of price reductions, this latest uptick suggests the market may be approaching an inflection point,” he said. “Insurers continue to face repair cost inflation driven by vehicle complexity and supply chain disruption, as well as continued pressure from credit hire costs. If these cost trends persist, market profitability will come under even greater strain without premium increases over the remainder of 2026.”