Asia commercial insurance rates declined 5%, the same as the prior quarter
- Vietnam and Japan experienced increases, at 11% and 3% respectively, compared to 15% and 1% in the prior quarter.
- Korea and Taiwan, Republic of China (R.O.C) experienced the largest decreases, at -16% and -12%, compared to -17% and -16% in the prior quarter.
Access the full insights for the region in our Asia report.
Global commercial insurance rates declined by 5% in the first quarter of 2026, the seventh consecutive decrease in the composite rate.
Our quarterly index is a proprietary measure of global commercial insurance rate changes at renewal, providing insights on 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 high levels of insurer competition.
- Vietnam recorded the biggest increase in property rates at 13% due to regulatory pricing tariffs.
- Korea and Taiwan, Republic of China (R.O.C) experienced the largest decreases in property rates at -18% and -13% respectively.
Asia casualty insurance rates declined 2% in the quarter compared to a 1% decline in the prior quarter.
- Japan is the only Asia market to record a rate increase at 3% compared to 7% in the prior quarter.
- Korea experienced the largest decrease in rates at -12% compared to -17% in the prior quarter.
- Umbrella and excess liability rates were mostly flat or saw moderate changes with the exception of Japan.
Asia financial and professional lines rates declined 7%, marking the 12th consecutive quarter of decreases.
- Korea and China experienced the largest decreases in rates, at -13% and -10% respectively.
- Directors and officers (D&O) and professional liability rates decreased across most Asian markets.
Asia cyber insurance rates decreased 6% in the quarter compared to a 10% decline in the prior quarter.
- Cyber insurance rates in Hong Kong SAR, Korea, and Thailand experienced the largest decline at -13%. Japan is the only market that recorded increased rates, at 8%, driven by higher claims activity from ransomware.
- Rising incident frequency and regulatory pressure prompted businesses to integrate cyber insurance into their risk strategies.
- Insurers refined cyber wording and broadened coverage to address more complex exposures, including AI-related risks, physical cyber, and fraud.
It is an opportune time to review your risk management strategies for cyber risks. Learn how Marsh Risk’s Understand–Measure–Manage-Respond framework helps businesses in Asia defend against evolving cybersecurity risks.