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Latin America and Caribbean 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 Latin America and Caribbean (LAC) insurance market.

Q2 2026

Latin America and Caribbean rates decrease for sixth consecutive quarter

Insurance rates in the region decreased 9% in the second quarter, with rate decreases ranging from 2% to 14% across all major lines.

Latin America and Caribbean composite insurance rate change

Latin America and Caribbean property

Property insurance rates decrease

Property insurance rates declined 14%, with Brazil and Chile registering the steepest declines.

Broad insurer appetite and available local and international capacity contributed to high levels of competition, while lower reinsurance costs drove aggressive primary pricing and capacity deployment.
Insurers increasingly offered enhancements and longer-term agreements.
Specialized risks, high-loss accounts, and assets viewed by underwriters as below market protection standards continued to face challenges, with pricing and terms diverging materially from those seen in the broader market.

Latin America and Caribbean casualty

Casualty rates decline

Casualty insurance rates declined 2%, the same as in the prior quarter.

Most of the region saw meaningful price reductions amid available capacity; rate reductions in Argentina and Colombia moderated and started to stabilize.
Insureds with loss experience viewed favorably by underwriters generally secured the largest reductions, especially when supported by international or facultative capacity.

Latin America and Caribbean financial and professional lines

Financial and professional lines rates decline amid buyer-friendly conditions

Financial and professional lines rates declined 5%, compared to 6% in the prior quarter.

Buyer-friendly conditions contributed to pricing decreases in several markets. Directors and officers liability (D&O) saw the largest improvements, pricing for financial institutions was mixed, and errors and omissions (E&O) rates remained broadly stable.
Capacity remained stable or increased across the region.
Some clients purchased increased limits and extended coverage.

Cyber rates decline; capacity remains stable

Cyber insurance rates declined 10%, the 10th consecutive quarter of declines.

Market capacity remained stable.
Regional facultative and London markets underwrote more risks and deployed more capacity, maintaining downward pressure on pricing.
Insureds with strong controls and risk management saw the most meaningful reductions. Some clients increased limits, improved coverage terms, and reduced deductibles.

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.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Latin America and Caribbean Insurance Market Rates

Latin America and Caribbean rates decrease for sixth consecutive quarter