Digital report

Europe Insurance Market Rates

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

Q3 2025

European insurance rates decline for fourth consecutive quarter

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

Europe third quarter 2025

Europe composite insurance rate change

Europe property

Property rates decline, insurer competition strong

Property insurance rates declined 7% in the third quarter.

Significant natural catastrophe losses occurred in the first half of 2025, though European losses remained moderate compared to prior years.
Insurer competition remained strong; incumbents typically focused on retention and growth.
Insurers generally offered long-term agreements (LTAs), improved terms and conditions, and reduced pricing as means to retain accounts.
Insureds in industries affected by trade disruptions, geopolitical tensions, and cyberattacks generally reviewed coverage and sought risk mitigation and cost reduction strategies.

Europe casualty

Casualty rates increase

Casualty insurance rates increased 1%.

Capacity deployment remained stable; some insurers adjusted limits on US-exposed risks.
Some insurers sought casualty diversification through international programs and niche products.
Coverage remained stable, with emphasis on per- and polyfluoroalkyl substances (PFAS), US auto fleet attachment points, and increased use of LTAs and roll-overs.

Europe financial and professional lines

Financial and professional rates decline

Financial and professional lines rates decreased 5% as significant capacity was available.

Approximately 70% of large directors and officers liability (D&O) renewals experienced rate decreases, many of which were under LTAs with pre-agreed reductions.
Crime insurance rates declined due to increased competition.
The professional indemnity insurance market remained fragmented; rate decreases were smaller than D&O, with some increases.

Cyber insurance rates decrease, limits increase

Cyber insurance rates decreased 12%, the fifth consecutive quarter of double-digit decreases.

Clients increased coverage limits by an average of 12%.
Broader coverage options included contingent business interruption, LTAs, bursaries, and open market reinstatement limits.
Underwriters requested data on supply chains and generative AI use.
The EU AI Act advanced, with enforcement scheduled to begin in 2026.

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.

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

Asia insurance rates

Insurance rates in Asia declined 5% 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.

Europe Insurance Market Rates