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Global commercial property insurance rates fell 12% in Q2 2026

Marsh Risk said the decline marked the eighth straight quarter of rate decreases, with competition supported by lower reinsurance costs and higher investment returns.

Reported · Written up by our desk · Property Insurance

Broker Marsh Risk reported that global commercial property insurance rates declined 12% in the second quarter of 2026, extending a broader soft market trend across major product lines.

Marsh Risk attributed the ongoing decreases to abundant capacity and strong insurer competition, alongside improving profitability and capital surplus. The firm also pointed to reduced reinsurance costs and higher investment returns that boosted competitive pressure during the quarter.

Rates fell fastest in India, Middle East and Asia, where the broker cited a 19% decline in Q2 2026, following a 10% drop in the prior quarter. It also recorded double digit decreases in the United States, the United Kingdom, the Pacific, and Latin America and the Caribbean.

Marsh Risk said underwriters continued to focus primarily on catastrophe exposure, with risk quality and exposure management driving outcomes. The broker also noted Middle East losses in Q2, including estimated US$2 billion in property losses and more than US$3 billion in political violence losses, and warned the current conditions are likely to persist unless a severe northern hemisphere storm season or major catastrophes occur.

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