From: Captive.com/IRMI
Global commercial insurance rates declined by 5 percent in the first quarter of 2026, marking the 7th consecutive quarterly decrease, according to Marsh’s latest Global Insurance Market Index. The drop follows a 4 percent decline in the 4th quarter of 2025, reflecting sustained competitive pressures and ample insurer capacity across major product lines.
All regions reported year-over-year composite rate decreases during the quarter. The Pacific region recorded the steepest decline at 12 percent, followed by India, the Middle East, and Africa at 10 percent. Latin America and the Caribbean and the United Kingdom each saw rates fall by 8 percent, while Canada experienced a 6 percent decline. Europe and Asia both posted 5 percent decreases. In the United States, where rates were flat in the prior quarter, composite pricing edged down 1 percent.
Property insurance rates dropped 9 percent globally, matching the trend observed in late 2025. Double-digit declines were recorded in several regions, including the Pacific at 14 percent, Latin America and the Caribbean at 12 percent, and the United States, United Kingdom, and India, the Middle East, and Africa each at 10 percent. Europe saw an 8 percent decrease, while Canada and Asia posted declines of 6 percent and 5 percent, respectively.
