Solicitors' PII Market Report - July 2026

Michael Blüthner Speight

Insights

2 minutes

27 July 2026

The solicitors’ professional indemnity insurance (PII) market remains favourable for many law firms, with increasing insurer competition, expanded market capacity and further downward pressure on rates. 

 
Our latest market report examines the key developments from the April 2026 renewal season, explores emerging risks, and sets out our outlook for the remainder of the year.

Key insights include:

  • Increased insurer competition and market capacity
  • Rate reductions achieved for many firms
  • Growing adoption of longer-term policy periods
  • Continued focus on cyber risk and AI governance
  • Claims notifications remain at elevated levels
  • Outlook and predictions for H2 2026
"Having a broker in our corner who really understands the market feels like a more joined up, supportive approach and moving our PII and cyber cover to Howden has been the right decision for us."
Jonathan Walker Managing Director | Walker Solicitors Ltd 
Mountains reflected in lake

Keep yourself up-to-date

Download our latest market report for detailed market analysis of the April 2026 professional indemnity insurance renewal, claims trends across the legal sector, and our outlook for the second half of 2026.

Read our latest report

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Michael Blüthner Speight MA (Oxon), Solicitor

Michael Blüthner Speight

MA (Oxon), Solicitor
Divisional Director
Legal Practices Group