Marsh has published the third-quarter edition of its Global Insurance Market Index (GIMI), covering global insurance rates. In its Global Insurance Market Index page, Marsh says: “Global insurance rates continued to decline in the third quarter, down 5%, marking the ninth consecutive quarter of reductions amid ample capacity across nearly all regions and lines of coverage.” Marsh adds: “Market conditions remained broadly unchanged, with continued rate pressure across much of the market.”
InsuraBeat has separate coverage of the previous quarter’s edition of the same Marsh index.
Global Rates Keep Falling as Capacity Stays Ample
On the market backdrop, Marsh says: “While pricing continued to ease in many areas, outcomes still varied by line and exposure.”
On catastrophe experience, Marsh says: “A benign US hurricane season contributed to favorable underwriting results”.
Property Leads the Declines While Casualty Edges Higher
On the split between major lines, Marsh says: “Property remained the main driver of rate declines, falling 10%, while casualty rates increased 1%.”
On property specifically, Marsh says: “Global property rates, which saw the largest decline across major lines of coverage, were influenced by the timing of catastrophe-exposed renewals”.
US Casualty Stands Apart From the Global Casualty Market
On casualty, Marsh says: “Casualty rates registered the only global rise, driven by rate increases in the US, which continues to stand apart from the global casualty market, amid continued litigation and large settlements.” Marsh adds: “Conditions elsewhere remained steady.”
Cyber and Financial Lines See Moderating Rate Reductions
On financial and professional lines and cyber, Marsh says: “Global financial and professional lines and cyber continued to see rate reductions, although the pace of decline was generally more moderate than that experienced in late 2025 and early 2026”.
Reinsurance Conditions Improve Further
On reinsurance, Marsh says: “Reinsurance conditions improved further during the quarter with strong insurer results”. InsuraBeat has separate coverage of Guy Carpenter on property catastrophe reinsurance renewals.
About its own facility, and in the company’s own words: “Marsh’s Fast Track facility continued to support favorable outcomes for clients and greater stability for their programs.”
Many Buyers Lean Toward Retaining Premium Savings
On buyers, Marsh says that “many buyers were more inclined to retain premium savings rather than reinvesting them in additional coverage”.
The page also carries a statement attributed to John Donnelly, President, Global Placement: “The current environment, however, continues to present opportunities for insureds to enhance their program structures.”
