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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.

Q1 2026

Asia rates decline across major product lines

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

Asia composite insurance rate change

Asia property

Property insurance rates decline

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

Insurer capacity and competition levels increased across most markets and industries.
Conditions enabled some clients to secure higher limits and reduce non-concurrencies, reflecting more flexible coverage outcomes.

Asia casualty

Casualty rates decline amid high levels of capacity

Casualty insurance rates declined 2%, compared to a 1% decline in the prior quarter.

General liability rates declined or remained stable across all markets; Japan experienced rate increases.
Umbrella and excess liability rates moderated or remained flat across the region, with the exception of Japan in both cases.
Clients generally benefited from capacity offered by both regional and global insurers.

Asia financial and professional lines

Financial and professional lines rates decrease for the 12th consecutive quarter

Financial and professional lines rates declined 7%, from a 10% decrease in the prior quarter.

Directors and officers (D&O) and professional liability rates decreased across most Asian markets.
Financial institutions rates declined broadly, with country-specific exceptions.
The shift of Chinese IPO activity toward regional exchanges saw fewer large premium opportunities and increased levels of insurer competition.

Cyber rates decline amid increased capacity

Cyber insurance rates decreased 6%, compared to a 10% decrease in the prior quarter.

Increased cyber capacity and new entrants, including MGAs, increased competition and maintained the favourable market for buyers.
Insurers refined cyber wording and broadened coverage to address more complex exposures, including AI-related risks, physical cyber, and fraud.
Rising incident frequency and regulatory pressure prompted businesses to integrate cyber insurance into their risk strategies, with many clients reinvesting premium savings into additional capacity.

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.

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

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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Asia Insurance Market Rates