The following is a LinkedIn Article written by Justin Berutich, Managing Director and Head of Tax at Euclid Transactional.

With 2025 in the books, the global tax insurance market continues to demonstrate remarkable resilience and expansion.  The year was defined by unprecedented submission volumes, record-breaking bound policies, and meaningful rate movement – all signaling the growing importance of tax insurance in today’s complex global environment.

2025 Highlights by the Numbers

• 1,917 global tax submissions – Euclid Transactional hit a new yearly record, representing >25% year-over-year growth compared to 2024 (1,917 vs. 1,526).  Every jurisdiction contributed positively, underscoring the universal demand for tax certainty:  APAC: 249% (240 vs. 70); EMEA: 20% (904 vs. 753); North America: 9.4% (769 vs. 703)
• 232 bound policies globally – Another record milestone: Bound policies surged nearly 30% YoY in 2025, with significant growth across all regions: 107 North America; 105 EMEA; 20 APAC
• Global Average Primary Rate on Line up nearly 40% over 2024with North America leading that charge with a 52% YoY increase, reflecting heightened risk appetite and evolving market dynamics.

The numbers tell a clear story – tax insurance is no longer a niche solution.  Tax Insurance is a critical tool for managing uncertainty associated with tax positions worldwide.  With submissions and bound policies hitting all-time highs, and pricing trends signaling a recalibration of risk, we expect continued momentum into 2026.

Several factors seem to have fueled this year’s performance.  Heightened regulatory complexity, as global tax authorities continue tightening enforcement and introducing new rules, has driven demand for insurance solutions to manage uncertainty.  Cross-border deal activity also increased, particularly in APAC and EMEA, where multi-jurisdictional tax exposures contributed to strong growth.  Persistent economic volatility has made tax insurance an increasingly attractive tool for mitigating tax risk and providing certainty to stakeholders.  At the same time, greater market maturity and awareness among advisors and taxpayers has expanded adoption, positioning tax insurance as a mandatory consideration in tax planning.

A heartfelt thank you to our clients, carrier partners, and brokers as these milestones would not have been possible without their continued trust and support of Euclid Transactional and the tax insurance market. To meet rising demand and uphold our commitment to delivering an efficient, commercial underwriting process, we have continued to expand our global team.  Today, we are 21 members strong and strategically positioned across key markets worldwide.  Since issuing our first tax policy in 2018, Euclid’s global tax team has placed more than $19 billion in policy limits, including nearly $7 billion in 2025 alone.

Do these trends align with what you are seeing in the market?  If you’re evaluating a tax position, our global team is ready to explore how tax insurance can support your strategy in today’s uncertain environment.