Asia commercial insurance rates declined 6%, compared with a 5% decline in the prior quarter.
- Thailand, Taiwan, Republic of China (R.O.C) and Korea experienced the largest decreases, at -16%, -15% and -13%, compared to -8%, -16% and -12% in the prior quarter.
Access the full insights for the region in our Asia report.
Global commercial insurance rates declined 5% in the third quarter of 2026, marking the ninth consecutive quarter of rate decreases.
Our quarterly index is a proprietary measure of global commercial insurance rate changes at renewal, providing insights into the world's major insurance markets. Here are a few highlights from the Asia findings:
Asia property insurance rates declined 7% in the quarter, with ample capacity for well-managed, loss-free, and data-rich risks.
- Vietnam recorded the biggest increase in property rates, at 13%, due to regulatory pricing tariffs.
- Taiwan, Republic of China (R.O.C) and Thailand experienced the largest decreases in property rates, both at -18%, compared to -18% and -10% in the prior quarter.
- 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 insurance rates declined 3%, capacity remains stable.
- Korea and Thailand experienced the largest decrease in rates, at -17% and -12%, compared to -12% and -2% in the prior quarter.
- Japan experienced a 3% rate increase compared to 1% in the previous quarter.
- Risks affected by significant losses remained under close scrutiny, with rates increasing by up to 5%.
Asia financial and professional lines rates declined 6% and the pace of reductions moderated slightly compared with the prior quarter.
- China and Malaysia experienced the largest decline in rates, at -11% and -9%, compared to -14% and -8% in the prior quarter.
- 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.
Asia cyber insurance rates decreased 6% as more organisations considered cyber insurance as part of their broader risk management strategy.
- Hong Kong SAR, Korea, Malaysia and Singapore experienced the largest decrease in rates, all at -13%.
- Japan saw a 3% increase compared to a 3% decline in the prior quarter.
- 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.