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Pacific 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 Pacific region insurance market.

Q1 2026

Pacific rates decline across all major lines

Insurance rates in the Pacific region declined 12% in the first quarter, the highest of any region.

Pacific composite insurance rate change

Pacific property

Property rates decrease amid strong competition

Property insurance rates declined 14% for the third consecutive quarter.

Insurers focused on growth and retention; new and restructured business attracted multiple insurers.
Coverage terms were generally negotiable, with clients securing increased limits, lower deductibles, and in some cases, removing mandatory endorsements.
Long-term agreements (LTAs) were typically available.

Pacific casualty

Casualty rates decline amid renewed insurer appetite

Casualty insurance rates declined 9%, the same as the preceding quarter.

Insurer appetite has renewed, with higher levels of competition for primary and excess lines from Australian and London markets.
Outcomes varied, with some clients seeing flat renewals or larger increases.
Clients with US exposure, adverse claims performance, and/or significant growth in exposures typically experienced flat to larger increases.
Restructuring programmes using alternative layers and focusing on price and coverage priorities remained effective strategies for achieving better results.

Pacific financial and professional lines

Financial and professional lines rates decrease for 12th consecutive quarter

Financial and professional lines pricing declined 7%, compared to an 8% decrease in the prior quarter.

Retention levels and coverage improvements generally remained negotiable.
LTAs were available; there was renewed insurer focus on multi-line deals.
Claims activity was subdued.

Cyber insurance rates decrease, capacity available

Cyber insurance rates decreased 6%, compared to a 7% decline in the prior quarter.

Clients with strong cyber controls and a clean claims history were best positioned to achieve the most significant reductions.
Claim activity remained stable, though ransomware/extortion events continued to account for the largest losses — an area underwriters are monitoring.
Insurers increasingly sought to differentiate their offerings with value-added services including bursary contributions, vendor partnerships, and in-house risk management support.
LTAs were generally available, providing clients with greater pricing certainty and programme stability.

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.

Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 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.

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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Pacific Insurance Market Rates