Global commercial insurance rates fall 5% in Q3 2026, Marsh says
MRSH•Global commercial insurance rates fell 5% in Q3 2026, the ninth consecutive quarterly decline. Property rates dropped 10%, while casualty rates rose 1% globally and 6% in the US.
1. Rates decline globally
Global commercial insurance rates fell 5% in Q3 2026, marking the ninth consecutive quarterly decline. Property rates dropped 10% globally, while casualty rates rose 1%, driven largely by continued challenges in the US; US casualty rates increased 6% as insurers tightened underwriting scrutiny and offered more selective capacity. Financial and professional lines rates declined 3% globally, and cyber insurance rates fell 4%.
2. Capacity supports lower rates
Ample capacity, insurer competition and lower reinsurance costs supported lower rates. Buyers had opportunities to improve coverage terms.
