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Asia 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 Asian insurance market.

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Q3 2026

Asia rates decline for 11th consecutive quarter

Insurance rates in Asia declined 6% in the third quarter, compared with a 5% decline in the prior quarter.

Asia composite insurance rate change 

Asia property

Property insurance rates continue to decrease, especially for preferred risks

Property insurance rates declined 7%, following 5% declines in the prior five quarters.

  • Asia’s commercial property market showed ample capacity for well-managed, loss-free, and data-rich risks, with capacity from new Lloyd’s syndicates, new managing general agents (MGA), and international markets. Natural catastrophe exposure remained the main constraint on capacity.
  • Insurers generally showed increased flexibility and strong appetite, particularly for risks with solid engineering and risk-management credentials.
  • Broader coverage was increasingly available, including higher sub-limits, lower deductibles, and fewer restrictive conditions and exclusions.
  • Market outcomes remained highly risk-specific, with catastrophe-exposed and loss-affected accounts continuing to face closer underwriting scrutiny. Early engagement with insurers, together with strong underwriting information, remained key to securing favorable outcomes.

Asia casualty

Casualty rates decline as capacity remains available

Casualty insurance rates declined 3%, marking the sixteenth consecutive quarter of rate reductions.

  • General liability rates declined or held steady across most Asian markets, with the exception of Japan, where local insurers increased premiums, putting upward pressure on rates.
  • Umbrella and excess liability rates generally moderated or remained flat across the region, although US-exposed risks saw increases of between 5% and 10%.
  • Risks affected by significant losses remained under close scrutiny, with rates increasing by up to 5%.
  • Clients continued to generally benefit from available capacity provided by global and regional insurers.

Asia financial and professional lines

Financial and professional lines continue to see rate declines

Financial and professional lines rates declined 6%; the pace of reductions moderated slightly compared with the prior quarter.

  • Directors and officers liability (D&O) rate reductions generally kept pace with, or slightly outpaced, professional indemnity and financial institutions. Japan and Vietnam were relatively more stable in some sectors.
  • Competition levels remained high across the broader market.
  • Capacity remained stable and broadly sufficient across Asia, with international markets continuing to participate selectively on more complex and higher-risk placements.
  • Large and complex programs continued to draw strong insurer interest. The shift in Chinese IPO activity toward regional exchanges such as Hong Kong SAR produced high levels of competition for Chinese business.
  • Some insurers remained vulnerable to a single large loss, or a small cluster of losses, which in some cases led to a more cautious claims handling response.

Cyber capacity remains ample as AI risks draw attention

Cyber insurance rates decreased 6%, compared with an 8% decrease in the prior quarter. Rates have been declining since the first quarter of 2024.

  • Capacity remained broadly available across the region. While underwriting scrutiny remained, insurers sought out accounts with robust controls and loss histories they viewed as favorable. Pricing was less favorable for accounts with greater exposures.
  • Coverage terms were broadly stable, although AI-related risks were closely scrutinized.
  • The market remained favorable for buyers, but emerging threats, accumulation concerns, and the increased use of AI in attack methods continued to influence underwriting behavior.
  • First-time buyers continued to increase, as more organizations considered cyber insurance as part of their broader risk management strategy.
  • Claims continued to rise from major events such as ransomware, while insurers also remained attentive to critical infrastructure and supply chain exposures.

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

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Regional analysis

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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.
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Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 9% in the third quarter.
Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 6% 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.
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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.

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