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Europe 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 European insurance market.

Q1 2026

European insurance rates decline for sixth consecutive quarter

Insurance rates in Europe declined 5% in the first quarter, compared to 6% in the prior quarter, with declines across all major product lines.

Europe composite insurance rate change

Europe property

Property rates decline, driven by strong insurer competition

Property insurance rates declined 8%, the same as in the prior quarter.

Terms and conditions remained flexible, though insurers continued to focus on exclusions, particularly for cyber.
Long-term agreements (LTAs) continued to be offered, giving clients the opportunity to lock in favourable pricing.
Claims activity remained relatively low.
Larger programmes with strong risk quality typically achieved better pricing and coverage options.

Europe casualty

Casualty rates decrease

Casualty insurance rates decreased 1%, the same as in the prior quarter.

An influx of local capacity has increased competition and downward rate pressure.
New entrants and incumbents expanded propositions in general liability, products liability, and niche lines.
Underwriting remained selective for US-exposed risks.
- Underwriters focused on per- and polyfluoroalkyl substances (PFAS) liabilities and exposures tied to US auto fleets.
LTAs continued to be offered.

Europe financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates decreased 5%.

Crime insurance rates remained stable; some insurers considered narrowing policy scope.
The professional indemnity (PI) market was fragmented, with renewal outcomes ranging from modest rate decreases to increases, depending on the risk profile.
Clients may find opportunities to renegotiate wording and innovate coverage, especially for D&O and environmental, social, and governance (ESG) risks.
Insurers’ appetite expanded for crypto asset risks.

Cyber insurance rates decrease

Cyber insurance rates decreased 9%, compared to 12% in the prior quarter.

Coverage remained broad with innovative insurer solutions.
LTAs and open market reinstatement of limits remained common.
Some insurers showed an appetite to extend cyber coverage to include elements of property damage.
Generative AI and geopolitical risks were key focus areas.

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.

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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Europe Insurance Market Rates