Our Insights into the Charity Market 2025
07/01/2025 Written by: Laura Austin, Head of Charity
As we step into 2025, the charity insurance market is undergoing a significant transformation. After several years of unprecedented challenges that drove premiums upward, the market is now softening, presenting new opportunities for charities to optimise their insurance coverage.
The Covid-19 pandemic, coupled with inflation and a prolonged cost-of-living crisis, created a perfect storm that significantly impacted the insurance landscape. Insurers tightened their underwriting criteria, and premiums rose sharply. However, as the market stabilises, insurers are expanding their appetites, offering to write more risks and loosening restrictive terms. This shift marks a welcome change for charities navigating complex and unique insurance needs.
What Does a Softening Market Mean for Charities?
In a softening market, charities have more options than ever before. Insurers are increasingly willing to consider a broader range of risks, which could translate into better terms and lower premiums. However, this opportunity requires strategic navigation. If your current broker is still presenting renewal terms with the same insurer, it may be time to consult a specialist. A fresh perspective could uncover more competitive options that align better with your charity’s needs.
The Importance of Risk Management
Demonstrating good risk management practices has never been more critical. Insurers reward charities that can showcase robust risk controls with improved terms and reduced premiums. At AssuredPartners, our clients benefit from in-house risk management services designed to achieve excellent outcomes. From reviewing governance structures to addressing operational risks, these services not only enhance your insurability but also bolster your charity’s resilience in an unpredictable world.
Tailored Solutions for Charities of All Sizes
Whether your charity is large or small, reviewing your insurance program doesn’t have to be daunting. For larger charities, the complexity of programs can often seem like a barrier. However, our experience with sizable, multifaceted organisations enables us to handle the heavy lifting, making the process efficient and straightforward for you.
Smaller charities, on the other hand, may hesitate due to perceived resource constraints. Yet, a review often starts with just a few basic details, such as your current levels of cover. From there, we can provide an initial indication and, if there’s interest, gather further risk information during a one-hour meeting. This streamlined approach ensures that smaller organisations can also benefit from tailored and competitive insurance solutions.
The Unique Risks Facing Charities
Charities face a distinct set of risks that require specialised attention. Volatile income streams, trustee liability, and diverse activities can all influence how insurers perceive your organisation. Without a specialist broker, these risks may be misunderstood, leading to inflated premiums or insufficient coverage. It is vital to work with experts who understand the nuances of the charity sector, ensuring you receive not only the best price but also the most comprehensive protection.
Our Charity Commitment
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Looking Ahead – Charity Market 2025
As 2025 unfolds, the softening market presents an opportunity for charities to reassess their insurance strategies. By partnering with a specialist broker, charities can navigate this evolving landscape with confidence, securing the coverage they need while making the most of the favourable market conditions.
At AssuredPartners, we are dedicated to supporting charities of all sizes, helping them achieve peace of mind through tailored insurance solutions and risk management expertise. Whether you’re seeking to review your current program or explore new options, we’re here to guide you every step of the way.
Let’s make 2025 a year of resilience and growth for your charity.
Get in touch with us if you want to review your current policy with a specialist broker who is committed to the Charity Sector.
Enquire now through the form below or get in contact with me directly to chat through your requirements, laura.austin@assuredpartners.co.uk.
Laura Austin
Head of Charity
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