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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.

Q2 2026

European insurance rates decline across all major lines

Insurance rates in Europe declined 6% in the second quarter, the seventh consecutive quarter of declines.

Europe composite insurance rate change

Europe property

Property rates decline; capacity remains available

Property insurance rates declined 9%, compared to 8% declines in the prior two quarters.

Insurers showed broad appetite for complex risks and middle-market accounts.
Underwriters were focused on recent events, including windstorms, heatwaves, and wildfires.
Terms and conditions remained flexible, but cyber-property exclusions remained, especially for cyber-physical overlaps.
Insureds with strong data and loss histories viewed favorably by underwriters continued to generally see favorable outcomes. Long-term agreements (LTAs) remained widely used.
Clients increasingly adjusted their program structure, limits, and insurer mix, and reinvested savings into stronger protection.

Europe casualty

Casualty rates decrease amid competition

Casualty insurance rates decreased 1%, the same as the prior two quarters.

Competition drove rate reductions, together with added capacity.
Coverage remained broadly stable, without exclusionary language additions.
US-exposed risks continued to face greater underwriting scrutiny, with some insurers reducing capacity since the beginning of the year.
Underwriters continued to closely monitor international developments, particularly related to the US.

Europe financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates decreased 5%, the 13th consecutive quarter of declines.

Directors and officers liability (D&O) clients generally saw single-digit rate decreases, although double-digit cuts were also observed in cases where the current premium was high or when the account was in an LTA.
The professional indemnity market remained broadly stable, with limited variations depending on country and class.
Crime insurance rates continued to decrease despite an unimproved loss landscape.
Financial institutions generally experienced up to double-digit rate decreases.

Cyber insurance rates register 11th quarter of decreases

Cyber insurance rates decreased 9%, the same as the prior quarter.

Coverage remained broad, supported by innovative insurance solutions. Capacity remained available, with insurers proactively increasing their maximum line sizes.
Underwriting remained flexible, but there was increased focus on governance-heavy exposures, such as artificial intelligence (AI), third-party ecosystems, and operational dependency.
Generative AI and geopolitical risk remain key focus areas for underwriters.
There was a growing appetite for extending cyber coverage to include elements of property damage.

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.

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

Asia insurance rates

Insurance rates in Asia declined 5% 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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Europe Insurance Market Rates