Global commercial insurance rates fell, on average, by 6% in the second quarter of 2026, following a 5% decline in Q1 2026. Property rates declined by 12% while casualty rates increased 2%, driven largely by continued challenges in the US, according to the latest Global Insurance Market Index (GIMI) released today by Marsh.

2Q2026 marks the eighth consecutive quarter of rate decreases, which continue to be fueled by abundant capacity and strong insurer competition across all major product lines. Strong insurer profitability, a surplus of capital, lower reinsurance costs, and higher investment returns are intensifying competition and contributing to lower rates, the report says.

All global regions experienced year-over-year composite rate decreases in 2Q2026. India, the Middle East and Africa (IMEA) experienced the largest composite rate decrease across all regions, at 16%, the Pacific and Latin America and Caribbean (LAC) regions declined by 13% and 9% respectively. In the UK rates declined by 8%, followed by Canada at 7%, Europe by 6%, and Asia by 5%. The overall composite rate in the US – which declined by 1% in 1Q2026 – fell by 2% in 2Q2026.

“In many markets, in addition to competing based on price, insurers are seeking to differentiate themselves through broader coverage, expanded policy terms, and lower deductibles. While economic uncertainty has led many buyers to retain premium savings, many organizations are also continuing to invest in alternative risk strategies, including captives”, commented John Donnelly, President, Global Placement, Marsh Risk.

The full report can be found here.