Our corporate site Contact us

Digital report

IMEA 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 India, Middle East, and Africa (IMEA) insurance market.

Q2 2026

India, Middle East, and Africa rates decrease across all lines

Insurance rates in the second quarter decreased 16% in the IMEA region, the highest across all regions.

Property rates decline, capacity increases

Property insurance rates decreased 19%, compared to 10% in the prior quarter.

Local competition levels and capacity generally increased, putting pressure on some global insurers.
Capacity in India remained available, impacted by the removal of tariffs.
Rates for political violence stabilized as new markets added capacity.
Full-limit political violence and property losses were recorded in the Middle East, with recent property losses estimated at US$2 billion and political violence losses estimated to exceed US$3 billion across the region.

Casualty insurance rates decline, capacity remains stable

Casualty insurance rates decreased 3%, compared to a 7% decline in the prior quarter.

Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines.
Capacity remained stable. Regional capacity and appetite were heavily influenced by US exposures.
Regional insurers generally offered attractive rates for lower limits; multinational insurers tended to prefer larger limits.

Financial and professional lines rates decline

Financial and professional lines rates declined 6%, the same as the prior quarter.

Directors and officers (D&O) liability rates decreased between 15% and 20% in India; between 10% and 15% in the UAE and Saudi Arabia; and between 5% to 10% in South Africa.
Rates for financial institutions ranged from flat to 5% declines in the UAE and Saudi Arabia, supported by capacity from London and Dubai, while rates in India were stable and in South Africa rates increased up to 5%.
Professional indemnity rates declined between 20% and 25% in India and between 5% and 10% in the UAE and Saudi Arabia, while rates increased by up to 5% in South Africa.

Cyber insurance rates decline amid increased capacity

Cyber insurance rates decreased 14%, the same as the prior quarter.

India experienced rate declines of between 25% and 30% while the Middle East saw declines of between 5% and 10%. Rates in South Africa ranged from flat to 5% decreases.
Capacity in the Middle East grew, driven by new entrants.

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

Asia insurance rates

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

Global Insurance Market Index

Canada insurance rates

07/22/2026

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

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.

Page Compliance ID

IMEA Insurance Market Rates

India, Middle East, and Africa rates decrease across all lines

Property rates decline, capacity increases

Casualty insurance rates decline, capacity remains stable

Financial and professional lines rates decline

Cyber insurance rates decline amid increased capacity

Explore the report