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Global and Asia Insurance Market Index

Asia Insurance Rates: Q3 2026

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.

"Thailand’s highly competitive insurance market is creating significant opportunities for clients, with composite rates declining 16%, including an 18% reduction in property rates and a 12% reduction in casualty rates. Clients should consider using premium savings to strengthen risk mitigation and resilience, particularly in response to natural catastrophe, geopolitical, and cyber risks. Robust risk data and analytics can support informed risk-transfer decisions and help clients optimize coverage, terms, and overall program value in the current soft market"

Yanisa Chusoipin
Head of Placement, Marsh Risk Thailand

Asia composite insurance rate change 

"While insurance rates continued to moderate, outcomes still varied by line and exposure, with insurers showing greater flexibility for well-managed risks. Organisations can also consider alternative risk strategies, including captives and parametrics, to help bridge gaps in traditional insurance."

Brent Clawson
Placement Leader, Marsh Risk Asia

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