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Pacific 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 Pacific region insurance market.

Q2 2026

Pacific rates decline, led by property

Insurance rates in the Pacific region declined 13% in the second quarter, compared to 12% in the prior two quarters.

Pacific composite insurance rate change

Pacific property

Property rates decline for ninth consecutive quarter

Property insurance rates declined 15%, following 14% declines in each of the prior three quarters.

Insurers focused on growth; reduced rates and improved coverage were available.
Clients generally secured higher policy limits and sub-limits, especially for natural catastrophe risks, and in some cases reduced retentions.
Long-term agreements (LTAs) were generally available.

Pacific casualty

Casualty rates decline amid high levels of competition

Casualty insurance rates declined 10%, compared to 9% declines in the prior two quarters.

Insurers were focused on growth, retaining business, and winning new primary and excess clients.
Restructuring programs using alternative layers, in addition to marketing, were effective in improving outcomes.
Programs with US exposures, claims performance viewed unfavorably by underwriters, or significant growth in exposures generally experienced flat or increasing premiums.

Pacific financial and professional lines

Financial and professional lines rates decline

Financial and professional lines pricing decreased 11%, compared to 7% in the prior quarter.

Insurers renewed their focus on multi-line deals.
Clients saw rate reductions and improved policy structures.
LTAs were available, generally with favorable terms and some with limited ‘break’ clauses.

Cyber insurance rates decrease; capacity remains strong

Cyber insurance rates decreased 6%, the same as the prior quarter.

Insurer appetite was strong, with ample available capacity.
Claims frequency increased, with a significant portion of notifications related to supply chain events. Ransomware and extortion remained key severity drivers.
Insurers continued to monitor usage of artificial intelligence, with a focus on governance, data security, third-party dependencies, and privacy-related exposures.
Clients expressed increased interest in cyber property damage solutions.
LTAs remained generally available.

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.

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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Pacific Insurance Market Rates