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Europe Insurance Market Rates

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

Q4 2025

European insurance rates decline for fifth consecutive quarter

Insurance rates in Europe declined 6% in the fourth quarter, with declines across all major product lines.

Europe composite insurance rate change

Europe property

Property rates decline amid strong insurer competition

Property insurance rates declined 8% in the fourth quarter.

Larger programs with strong risk quality achieved above-average price reductions.
Capacity remained strong, including for natural catastrophe (Nat Cat) coverage.
Insurers generally pursued growth through new business acquisition and organic expansion.
Long-term agreements (LTAs) were available.

Europe casualty

Casualty rates decrease

Casualty insurance rates decreased 1%, driven by increasing competition and capacity.

Excess casualty risks generally experienced higher rate increases compared to primary lines.
Insurers showed commitment to technical underwriting, especially for risks with US exposure.

Europe financial and professional lines

Financial and professional lines rates decline

Financial and professional lines rates decreased 6%, amid ample capacity.

Approximately 60% of large directors and officers (D&O) liability renewals experienced rate decreases, many under LTAs with pre-agreed reductions.
Crime insurance rates were generally stable.
The professional indemnity insurance market remained fragmented; rate decreases were not as great as those seen in D&O, with some segments experiencing increases.

Cyber insurance rates decrease

Cyber insurance rates decreased 12%, the sixth consecutive quarter of double-digit decreases.

Capacity per layer increased by an average of 21%.
Coverage generally expanded, with removal of coinsurance, enhanced sub-limits, and more frequent inclusion of cybercrime sub-limits.
Regulatory uncertainty surrounds the EU AI Act and the Digital Omnibus initiative.
Broader coverage options included contingent business interruption, LTAs, bursaries, and open market reinstatement limits.
Underwriters continued to emphasize data on security controls and risk improvements.

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.

Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK insurance rates

02/04/2026

Insurance rates in the UK declined 7% in the fourth quarter of 2025.

Global Insurance Market Index

Latin America and Caribbean insurance rates

Insurance rates in the region decreased 7% in the fourth 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 12% in the fourth quarter.

Global Insurance Market Index

Asia insurance rates

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

Global Insurance Market Index

Canada insurance rates

Insurance rates in Canada declined 7% in the fourth quarter.

Skyscrapers in Abu Dhabi, United Arab Emirates.

Global Insurance Market Index

India, Middle East, and Africa insurance rates

02/04/2026

Insurance rates in the fourth quarter decreased 10% in the IMEA region.

Europe Insurance Market Rates