Digital report

Latin America and Caribbean Insurance Market Rates

The Global Insurance Market Index is our proprietary measure of commercial insurance rate changes at renewal. Below are insights into the Latin America and Caribbean (LAC) insurance market.

Q3 2025

Latin America and Caribbean rates decrease across all lines

Insurance rates in the LAC region decreased 6% in the third quarter, compared to -5% in the prior quarter.

Latin America and Caribbean third quarter 2025

Latin America and Caribbean composite insurance rate change

Latin America and Caribbean property

Property insurance rates decrease for fourth consecutive quarter

Property insurance rates declined 9%.

The property market was marked by significant available capacity and a high level of insurer competition.
Reductions were generally highest in Peru and Chile, followed by Mexico, Brazil, and Colombia.
Insurers remained cautious regarding complex and political risks.

Latin America and Caribbean casualty

Casualty rates decrease, capacity increases

Casualty insurance rates decreased by 1%.

Competition from local insurers and reinsurers increased capacity and drove rate reductions; new reinsurers typically offered improved terms, despite ongoing litigation uncertainties.
Third party liability rates fell 10% to 15%.
Auto liability varied across the region, with generally sharp declines in Chile, stability in most countries, and price increases in Mexico, Argentina, and the Dominican Republic.

Latin America and Caribbean financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates declined 9%, the eighth consecutive quarter of decline.

Financial and professional lines saw strong price competition among insurers and opportunities to improve terms and conditions.
New local capacity entered multiple countries; increasing competition among retail and reinsurance markets.

Cyber rates decline, claims increase

Cyber insurance rates declined 11%, compared to a 17% decrease the prior quarter.

An increase in claims impacted large clients and overall pricing.
High levels of competition continued, with new capacity entering the region.

Our rates reflect the segment mix of Marsh’s client portfolio.

Global Insurance Market Index

10/22/2025

The Global Insurance Market Index is our proprietary measure of global commercial insurance rate change at renewal — providing insights on the world's major insurance markets.

Aerial view of the Bay Bridge in San Francisco, CA

Global Insurance Market Index

US insurance rates

10/22/2025

Insurance rates in the third quarter in the US declined by 1%.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

10/22/2025

Insurance rates in the UK declined 6% in the third quarter 2025.

Berlin, Germany viewed from above the Spree River.

Global Insurance Market Index

Europe insurance rates

Insurance rates in Europe declined 4%, the same as the prior quarter.

Beautiful aerial view of the Sydney Opera house by the bay in Australia. Panoramic view.

Global Insurance Market Index

Pacific insurance rates

Insurance rates in the Pacific region declined 11% in the third quarter.

Global Insurance Market Index

Asia insurance rates

Insurance rates in Asia declined 5% in the third quarter.

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 3% in the third quarter.

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

22/10/2025

Insurance rates in the third quarter decreased 5% in the IMEA region.

Page Compliance ID

Latin America and Caribbean Insurance Market Rates

Latin America and Caribbean rates decrease across all lines