Digital report

Asia Insurance Market Rates

The Global Insurance Market Index is our proprietary measure of commercial insurance rate changes at renewal. Below are insights into the Asian insurance market.

Q3 2025

Asia rates decline across major product lines

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

Asia third quarter 2025

Asia composite insurance rate change

Asia property

Property insurance rates decline, insurer competition high

Property insurance rates declined 5% as competition remained high.

A high level of insurer competition and available capacity enabled some clients to improve in areas including sub-limits, deductibles, and otherwise restricted coverages.
Insurers increased use of long-term agreements (LTAs) with low-claims bonuses and multi-year discounts.
Capacity was broadly deployed across segments, and was not limited to specific industries.
Underwriters remained cautious with companies showing loss deterioration.

Asia casualty

Casualty rates decline

Casualty insurance rates declined 3%, compared to a 2% decline the prior quarter.

Clients generally benefited from significant available capacity from multiple insurers, with active competition among global and regional insurers.
Clients with strong risk profiles and local exposures typically saw greater rate decreases compared to multinational, loss-sensitive, and US-exposed risks.
Insurers increasingly focused on financial and supply chain resilience amid geopolitical tensions, as well as per- and polyfluoroalkyl substances (PFAS) risks.

Asia financial and professional lines

Financial and professional lines rates decline, IPO activity increases

Financial and professional lines rates declined 8%.

Directors and officers (D&O) rates fell 5% to 15%.
Increased IPO activity on regional exchanges created new opportunities for insurers, especially in D&O liability insurance.
A decrease in Chinese IPOs on US exchanges reduced opportunities, led to greater competition on renewals, and put downward pressure on D&O rates.
Financial institutions and professional liability rates moderated, decreasing 5% to 7.5% due to greater insurer competition.

Cyber rates decline, clients look to improve coverage

Cyber insurance rates decreased 5%.

Clients generally secured improved coverage for third-party liability, business interruption, reputational loss, and cybercrime.
Rising cyber threat awareness, especially in Asia, continued to drive demand.
Insurers broadened offerings, including personal cyber insurance to cover corporate and individual risks.
Insurers updated policy wordings to address generative AI risks and intensified scrutiny of third-party cyber exposures amid complex supply chains.
LTAs were increasingly used to secure favorable rates.

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

Latin America and Caribbean insurance rates

Insurance rates in the LAC region decreased 6% in the third quarter.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 4%, the same as the prior 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 11% in the third quarter.

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 3% in the third quarter.

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

10/22/2025

Insurance rates in the third quarter decreased 5% in the IMEA region.

Asia Insurance Market Rates