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Tax Credit Insurance Market Update

Tax Credit Insurance Market Update – May 2025

Executive Summary
• Tax insurance capacity has tightened to about $800 — $900 million for any tax credit insurance policy
• Underwriters are operating at full capacity and are being highly selective in providing terms
• Underwriters’ risk appetite for step-ups has further contracted in Q1 2025
• Minimum premium requirements and underwriting fees are increasing
• There has been a shift in “market” policy terms since Q4 2024

Read the full brief below.

Tax Credit Insurance Market Update