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Asia Insurance Market Rates

The Global Insurance Market Index is our proprietary measure of commercial insurance rate changes at renewal. Below are insights into the Asian insurance market.

Q4 2025

Asia rates decline across major product lines

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

Asia composite insurance rate change

Asia property

Property insurance rates decline amid high levels of insurer competition

Property insurance rates declined 5% amid abundant capacity and high levels of insurer competition.

Some clients were able to secure improvements in areas including sub-limits, deductibles, and restrictive coverages.
Insurers increased their use of long-term agreements (LTAs) featuring low-claims bonuses and multi-year discounts.
Capacity was broadly deployed across industry segments, not limited to specific sectors.
Underwriters remained cautious with companies showing loss deterioration.

Asia casualty

Casualty rates decline

Casualty insurance rates declined 1%, compared to a 3% decline in the prior quarter.

Clients generally benefited from ample capacity from global and regional insurers.
General liability rates declined or remained stable across most markets; Japan experienced rate increases.
Auto liability rates rose in Japan, the Philippines, and Vietnam; rates were generally flat or declined elsewhere.
Excess/umbrella rates were mostly flat or saw moderate changes; US-exposed risks increased by 5% to 10%.

Asia financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates declined 10%, compared to 8% in the prior quarter.

Directors and officers (D&O) liability rates declined across most markets; Vietnam showed signs of stabilization.
A shift of Chinese IPOs to regional exchanges, notably in Hong Kong, reduced premium opportunities and put downward pressure on D&O rates.
Financial institutions and professional liability rates decreased between 5% and 7.5%, driven by greater insurer competition.

Cyber rates decline as clients seek enhanced coverage

Cyber insurance rates decreased 10%, compared to 5% in the prior quarter.

Rising cyber incidents and evolving regulatory demands continued to drive strong market demand.
Insurers broadened product offerings to include coverage for cyber property damage, social engineering fraud, and supply chain attacks.
Insurers updated policies for generative AI risks; underwriters intensified scrutiny of third-party cyber exposures for complex supply chains.

Our rates reflect the segment mix of Marsh’s client portfolio.

Global Insurance Market Index

02/04/2026

The Global Insurance Market Index 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

02/04/2026

Insurance rates in the US were flat in the fourth quarter.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

02/04/2026

Insurance rates in the UK declined 7% in the fourth quarter of 2025.

Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 7% in the fourth quarter.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 6% in the fourth 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 fourth quarter.

Global Insurance Market Index

Canada insurance rates

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

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

04/02/2026

Insurance rates in the fourth quarter decreased 10% in the IMEA region.

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Asia Insurance Market Rates