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UK Insurance Market Rates

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

Q4 2025

UK rates decline for all major product lines

Insurance rates in the UK declined 7% in the fourth quarter of 2025, the eighth consecutive quarter of decline.

UK composite insurance rate change

UK property

UK property insurance rates decline

Property rates decreased 10%, compared to a 7% decline in the third quarter.

Market competition remained high, as insurers typically pursued new clients and expanded business.
Significant capacity was available, and insurers generally offered large limits, including in challenging industry segments.
Comprehensive and well-articulated risk management was instrumental in securing more favorable terms.
Incumbent insurers often accepted rate reductions to retain business.
Long-term agreements (LTAs) featuring multi-year rate reductions were generally available.
Claims activity remained low, generally supporting a stable underwriting environment.

UK casualty

Casualty rates decrease

Casualty insurance rates decreased 1% overall; excluding motor liability, casualty rates declined 4%.

Capacity for general and employer’s liability was more limited, especially for clients with US-heavy exposure and placements with broad terms.
Auto/motor liability rates were flat to 5% increases for risks viewed as well-performing by insurers, partly driven by increasing vehicle complexity and alternative fuel types, which present challenges in risk assessment and claims management.
- Costly electric vehicle (EV) components often resulted in total losses after accidents; battery replacements typically cost between £8,000 and £12,000.
- Renewal approaches varied by sector; private cars and van fleets generally experienced more favorable pricing than passenger transport and logistics.
- Since 2022, repair and parts costs, labor, theft, and reinsurance expenses have increased, contributing to upward pressure on rates.

UK financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates declined 5%.

Directors and officers (D&O) liability rates declined 5%.
Financial institutions (FI) rates declined 5%, compared to a 7% decrease in the prior quarter.
Capacity was readily available in the FI market, except for the most distressed risks.
Crime insurance rates decreased 5%, driven by many D&O insurers diversifying into ancillary lines.

Cyber insurance rates decline for eighth consecutive quarter

Cyber insurance rates decreased 12%.

Cyber capacity remained ample, and more insurers expanded offerings to include cyber physical damage and technology errors and omissions coverage.
Supply chain disruptions heightened board-level focus on cyber risk management, driving new buyers to enter the market.

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.

Global Insurance Market Index

Latin America and Caribbean insurance rates

02/04/2026

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

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

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UK Insurance Market Rates