Skip to main content
Marsh logo

Digital report

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. 

Contact us

Q3 2026

European insurance rates decrease for the 8th consecutive quarter

Insurance rates in Europe declined 6% in the third quarter, the same as the prior quarter, with rate decreases ranging from 3% to 9% across all major lines.

Europe composite insurance rate change 

Europe property

Property rates decline amid abundant capacity

Property insurance rates declined 9%, helped by improved reinsurance costs feeding through to primary pricing.

  • Capacity remained ample, supported by strong insurer balance sheets and favorable reinsurance conditions, with broader insurer appetite for more complex risks and middle-market accounts.
  • Insurers continued to prioritize retention and new accounts, with line signings remaining common and long-term agreements widely used.
  • Terms and conditions remained flexible overall, although cyber-property exclusions were a point of note, particularly where cyber-physical exposures overlapped.
  • Recent weather-related events continued to shape underwriting focus, with flood, wind, heat, and wildfire considerations all coming into sharper view.
  • Risk differentiation persisted, with well-documented accounts continuing to secure better outcomes than catastrophe-exposed or risks viewed less favorably by underwriters.
  • Some insureds reinvested savings into optimizing structure, insurer mix, and introducing stronger protections, including higher limits, better terms, or implementing captives or self-insurance.

Europe casualty

Casualty rates decline

Casualty insurance rates decreased 3%, compared with 1% in the prior quarter.

  • High levels of competition remained as insurers sought to retain business and add clients.
    • Heavily US-exposed risks were able to secure flat pricing in many cases, despite no meaningful change in the wider litigation environment.
  • Capacity remained broadly available, with several insurers expanding into primary placements through their own program offerings. No material new exclusions have emerged.
  • Underwriting focus on US-exposed risks remained.
  • Per- and polyfluoroalkyl substances (PFAS) remained an area of focus as insurers continued to seek ways to underwrite this exposure.

Europe financial and professional lines

Financial and professional lines rates decrease for 14th consecutive quarter

Financial and professional lines rates decreased 4%, compared with 5% in the prior quarter.

  • Directors and officers liability (D&O) rates continued to decline, with large accounts generally seeing single-digit reductions and double-digit cuts still available in some markets, particularly where long-term agreements were repriced or prior rates remained elevated due to prior losses.
  • Professional indemnity remained broadly stable overall, with outcomes continuing to vary by country and class.
  • Crime pricing began to stabilize, although in some markets insurers introduced tighter conditions and sub-limits where results were less balanced.
  • Rates for financial institutions continued to decline, sometimes by double digits, supported by higher premium levels relative to commercial risks.
  • Capacity remained ample across most segments, with high levels of competition in some countries.
  • Opportunities to renegotiate wording and update coverage remained, especially for D&O, while insurer appetite for crypto-related risks continued to expand.

Cyber insurance rates decrease

Cyber insurance rates decreased 9%, the same as the prior two quarters. This was the 12th consecutive quarter of decreases.

  • Capacity remained available, with many insurers increasing maximum line sizes and average capacity per layer also increasing.
  • Coverage remained broad, with long-term agreements (LTAs), open-market reinstatement of limits, fast cash, and AI endorsements still available from a small number of insurers.
  • Underwriting scrutiny increasingly centered on heavy exposures, AI, third-party dependencies, geopolitical risk, and operational resilience, with government and regulatory pressure contributing to increased focus on AI.

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

Ready to speak to a Marsh representative?

Provide details below and let's connect

Contact us

Regional analysis

Placeholder Image

Global Insurance Market Index

Global Insurance Market Index

10/21/2026

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

10/21/2026

Composite insurance rates in the US decreased in the third quarter.
Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

10/21/2026

Insurance rates in the UK declined by 8% in the third quarter.
Placeholder Image

Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 9% in the third 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 third quarter.
Shanghai skyline at night

Global Insurance Market Index

Asia insurance rates

Insurance rates in Asia declined 6% in the third quarter.
Placeholder Image

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 6% in the third quarter.
Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

21/10/2026

Insurance rates in the third quarter decreased 14% in the IMEA region.

Previous reports

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