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Latin America and Caribbean Insurance Market Rates

The Global Insurance Market Index (GIMI) is our proprietary measure of commercial insurance rate changes at renewal. Below are insights into the Latin America and Caribbean (LAC) insurance market.

Q1 2026

Latin America and Caribbean rates decrease

Insurance rates in the region decreased 8% in the first quarter, compared to a 7% decline in the prior quarter.

Latin America and Caribbean composite insurance rate change

Latin America and Caribbean property

Property insurance rates decrease for sixth consecutive quarter

Property insurance rates declined 12%, the same as in the prior quarter.

The property market saw high levels of insurer competition and significant available capacity both locally and internationally.
Risks seen by insurers as well-engineered typically saw rate declines; exposures seen as having weak controls or adverse loss histories were often repriced or treated selectively.

Latin America and Caribbean casualty

Casualty rates decline

Casualty insurance rates declined 2%.

Excluding motor liability, casualty rates saw meaningful declines in Brazil, Chile, Mexico, and Peru.
Significant local and international capacity was available, with international facultative placements delivering the largest decreases, particularly for claims-free programmes.

Latin America and Caribbean financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates declined 6%, the tenth consecutive quarter of decline.

Rate decreases were driven by high levels of insurer competition and available local and international capacity.
The pace of decline slowed in some areas.
Clients with heightened regulatory exposure or claims histories viewed unfavourably by insurers generally received more scrutiny.

Cyber rates decline, capacity expands

Cyber insurance rates declined 11%, compared to a 14% decrease in the prior quarter.

New market entrants increased available capacity.
Clients reassessed coverage limits and many negotiated increased renewal limits and sublimit improvements.

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

Global Insurance Market Index

04/22/2026

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

Aerial view of the Bay Bridge in San Francisco, CA

Global Insurance Market Index

US insurance rates

04/22/2026

Insurance rates decreased in the US in the first quarter.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

04/22/2026

Insurance rates in the UK declined 8% in the first quarter.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 5% in the first quarter.

Beautiful aerial view of the Sydney Opera house by the bay in Australia. Panoramic view.

Global Insurance Market Index

Pacific insurance rates

Insurance rates in the Pacific region declined 12% in the first quarter.

Global Insurance Market Index

Asia insurance rates

Insurance rates in Asia declined 5% in the first quarter.

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 6% in the first quarter.

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

22/04/2026

Insurance rates in the first quarter decreased 10% in the IMEA region.

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change.

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Latin America and Caribbean Insurance Market Rates

Latin America and Caribbean rates decrease