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Asia 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 Asian insurance market.

Q2 2026

Asia rates decline across all major lines

Insurance rates in Asia declined 5% in the second quarter, led by cyber.

Asia composite insurance rate change

Asia property

Property insurance rates decline; capacity and competition levels increase

Property insurance rates declined 5%, the same as the last four quarters.

Insurer capacity and competition levels increased across most markets and industries.
Conditions enabled some clients to achieve improved terms, including securing higher limits and reducing non-concurrencies.

Asia casualty

Casualty rates decline amid ample regional and global capacity

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

General liability rates declined or remained stable across most markets, except in Japan, where localized rate increases were seen.
Across most of the region, umbrella and excess liability rates moderated or remained flat; Korea saw decreases of up to 15%. Japan recorded rate increases of up to 5%.
Clients generally continued to benefit from ample capacity from both regional and global insurers.

Asia financial and professional lines

Financial and professional lines rates decline; regional capacity remains stable

Financial and professional lines rates declined 7%, the same as the prior quarter.

Directors and officers liability (D&O) rates declined across most Asian markets, remaining stable in Vietnam.
Professional liability rates also declined across most Asian markets, remaining stable in Indonesia, Vietnam, Japan, and the Philippines.
Rates for financial institutions declined broadly, remaining stable in Japan, the Philippines, and Vietnam.
Capacity remained stable across the region.
Large and complex programs with substantial premiums continued to attract strong insurer interest.
The shift of Chinese IPO activity toward regional exchanges, such as Hong Kong, reduced large-premium opportunities and increased the level of insurer competition.

Cyber rates decline as competition levels rise

Cyber insurance rates decreased 8%, compared to a 6% decrease in the prior quarter.

Most of the region saw rates decrease; in Vietnam rates remained stable.
Insurers continued to deploy more capacity in priority markets and sectors, leading to high levels of competition.
Regulators called for stronger cybersecurity measures in response to rising cyber threats driven by artificial intelligence (AI). Insurers took a more cautious approach to AI-related exposures, often applying sub-limits and exclusions. Still, most clients were able to obtain higher limits and broader coverage at renewal.
First-time buyers in Southeast Asia increasingly purchased cyber insurance amid greater government emphasis on cyber resilience.

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

Global Insurance Market Index

07/22/2026

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

07/22/2026

Insurance rates in the US decreased in the second quarter.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

07/22/2026

Insurance rates in the UK declined by 8% in the second quarter.

Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 9% in the second quarter.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 6% in the second 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 13% in the second quarter.

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 7% in the second quarter.

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

22/07/2026

Insurance rates in the second quarter decreased 16% 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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Asia Insurance Market Rates