Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines.
Mumbai:India, Middle East, and African re/insurance markets have witnessed a decrease in rates across all lines in the second quarter of 2026, said a Marsh report on Thursday.
Particularly, Property insurance rates in this region have decreased 19% during the quarter as compared to 10 % in the prior quarter, said the report.
Local competition levels and capacity generally increased, putting pressure on some global insurers.
Capacity in India remained available, impacted by the removal of tariffs.
Rates for political violence stabilized as new markets added capacity.Full-limit political violence and property losses were recorded in the Middle East, with recent property losses estimated at US$2 billion and political violence losses estimated to exceed US$3 billion across the region.
Casualty insurance rates decline, capacity remains stable
Casualty insurance rates decreased 3%, compared to a 7% decline in the prior quarter.
Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines. However, capacity remained stable.
Regional capacity and appetite were heavily influenced by US exposures.
Regional insurers generally offered attractive rates for lower limits and multinational insurers tended to prefer larger limits.
Financial and professional lines rates decline
Financial and professional lines rates declined 6%, the same as the prior quarter.
Directors and officers (D&O) liability rates decreased between 15% and 20% in India; between 10% and 15% in the UAE and Saudi Arabia; and between 5% to 10% in South Africa.
Rates for financial institutions ranged from flat to 5% declines in the UAE and Saudi Arabia, supported by capacity from London and Dubai, while rates in India were stable and in South Africa rates increased up to 5%.
Professional indemnity rates declined between 20% and 25% in India and between 5% and 10% in the UAE and Saudi Arabia, while rates increased by up to 5% in South Africa.
Cyber insurance rates decline amid increased capacity
Cyber insurance rates decreased 14%, the same as the prior quarter.India experienced rate declines of between 25% and 30% while the Middle East saw declines of between 5% and 10%. Rates in South Africa ranged from flat to 5% decreases.Capacity in the Middle East grew, driven by new entrants.