Solicitors' PII Market Report - July 2025

In our January report, we highlighted a more optimistic outlook for firms renewing their professional indemnity insurance (PII).

Our latest report delivers further positive news with the 1 April 2025 renewal season benefitting from continued growth in insurer capacity. Both brokers and insurers were actively competing to secure new business, reinforcing the positive momentum in the PII market.

Market overview and forecast

At Howden, we like to keep you updated on the current state of the solicitors’ PII market. We begin by sharing our experience of PII renewals over the 1 April 2025 season. For those of you yet to renew this year, we forecast what you can expect for the rest of this year and offer helpful tips to ensure your renewal process goes as smoothly as possible.

Annual claims review

We also provide our annual review of claims activity in the solicitors’ PII market, setting out current claims trends and notable developments we have identified across our book of business.

Cyber risk-trends

Cyber security is a topic of ever-increasing importance for law firms. We outline the most pressing cyber risk trends for law firms to watch out for in 2025 and suggest various ways that you can seek to strengthen your firm’s cybersecurity position.

Climate change and property

Recently, the Law Society issued a Practice note on climate change and property for law firms. We provide a detailed overview and suggest ways in which you may want to incorporate the Practice note into your own firm’s policies and procedures.

Get in touch

Would you like to discuss anything covered within this report?

Do you have questions relating to your PII renewal?

Email us