Asia Insurance Rates: Q2 2026

Asia commercial insurance rates declined 5%, the same as the prior quarter

• Vietnam recorded an increase of 11%, the same as the prior quarter.
• Taiwan, Republic of China (R.O.C) and Korea experienced the largest decreases, at -16% and -12%, compared to -12% and -16% in the prior quarter. 

Access the full insights for the region in our Asia report.

Global commercial insurance rates declined by 6% in the second quarter of 2026, the eighth consecutive decrease in the composite rate. 

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 5% in the quarter amid increased insurer competition and capacity.

• Vietnam recorded the biggest increase in property rates, at 13%, due to regulatory pricing tariffs. 
• Taiwan, Republic of China (R.O.C) and Korea experienced the largest decreases in property rates at -18% and -13% respectively. 

Asia casualty insurance rates declined 3% due to ample regional and global capacity.

• Korea experienced the largest decrease in rates at -12%, the same as the prior quarter. 
• General liability rates declined or remained stable across most markets, except in Japan, where localised rate increases were seen. 

Asia financial and professional lines rates declined 7% as regional capacity remains stable.

• China experienced the largest decrease in rates at -14% compared to -10% in the prior quarter.  
• Directors and officers liability (D&O) rates declined across most Asian markets, but remained stable in Vietnam. 

Asia cyber insurance rates decreased 8% as competition levels rise.

• Cyber insurance rates in Korea experienced the largest decline at -18%, compared to -13% in the prior quarter. 
• Insurers continued to deploy more capacity in priority markets and sectors, leading to high levels of competition.
• Regulators called for stronger cybersecurity measures in response to rising cyber threats driven by artificial intelligence (AI). Insurers took a more cautious approach to AI-related exposures, often applying sub-limits and exclusions. Still, most clients were able to obtain higher limits and broader coverage at renewal.