Digital report

IMEA Insurance Market Rates

The Global Insurance Market Index is our proprietary measure of commercial insurance rate changes at renewal. Below are insights into the India, Middle East, and Africa (IMEA) insurance market.

Q3 2025

India, Middle East, and Africa rates decline

Insurance rates in the third quarter decreased 5% in the IMEA region, where rates for large and complex organizations are often impacted by the reinsurance market.

India, Middle East, and Africa (IMEA) third quarter 2025

Property rates decline, with regional variation

Property insurance rates decreased 5%.

Property rate declines were driven by capacity, high levels of competition, and regulatory changes.
Middle East and Africa experienced 5% to 10% decreases; India experienced a 30% increase due to regulatory pricing tariffs.
Catastrophe-exposed and high-hazard sectors (chemical, food, waste, recycling) experienced declines up to 15%; insureds with loss records viewed unfavorably by insurers faced capacity limits and higher rates.
Regional and multinational reinsurers expanded across IMEA, intensifying competition, especially in the Middle East and Africa.

Casualty insurance rates flat

Casualty insurance rates were generally flat.

Casualty rates remained flat overall; capacity-driven and non-complex risks generally saw rates flat to 10% declines.
Rates were stable in India and South Africa.
Rates in Saudi Arabia and UAE were flat to 10% decreases.
US market exposure heavily influenced regional insurer appetite and capacity.

Financial and professional lines rates vary regionally

Financial and professional lines rates declined 4%.

Directors and officers liability (D&O) rates were generally flat in India and South Africa, and decreased 10% to 15% in UAE and Saudi Arabia.
Financial institutions rates declined 5% to 10% in the Middle East, driven by increased capacity from London and Dubai; rates in India remained stable amid reduced capacity or lower limits.
Professional indemnity rates were stable in India and South Africa, and decreased up to 5% in the Middle East.

Cyber insurance rates decline as capacity increases

Cyber insurance rates decreased 6%.

The Middle East experienced declines in the 10% to 15% range, while India and South Africa remained stable.
Middle East capacity growth was driven by new entrants and greater insurer competition.

Our rates reflect the segment mix of Marsh’s client portfolio.

Global Insurance Market Index

10/22/2025

The Global Insurance Market Index is our proprietary measure of global commercial insurance rate change at renewal — providing insights on the world's major insurance markets.

Aerial view of the Bay Bridge in San Francisco, CA

Global Insurance Market Index

US insurance rates

10/22/2025

Insurance rates in the third quarter in the US declined by 1%.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

10/22/2025

Insurance rates in the UK declined 6% in the third quarter 2025.

Global Insurance Market Index

Page Compliance ID

IMEA Insurance Market Rates

India, Middle East, and Africa rates decline