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# Marsh index shows UK commercial insurance rates fell 8% in Q3
- URL: https://thecoverwire.com/marsh-gimi-q3-uk-commercial-rates-fall-8-percent/
- Published: 2026-10-22T08:42:57.000Z
- Updated: 2026-11-02T11:47:13.000Z
- Description: It was the eleventh straight quarterly fall for UK rates, with property down 11% and cyber down 7%.
- Author: CoverWire
- Tags: Brokers, #desk-markets

UK commercial insurance rates fell 8% in the third quarter of 2026, the eleventh consecutive quarterly decline, according to Marsh's Global Insurance Market Index published on 21 October.

The UK fall matched the previous two quarters. It leaves UK buyers in a softer market than the US, where Marsh's composite rate fell 1%, and keeps pressure on carrier and MGA pricing.

UK property rates fell 11%, unchanged from the prior quarter. Marsh cited a quiet natural catastrophe season and no major risk losses. It said incumbent insurers accepted significant rate reductions to retain business, capacity remained plentiful and facilities continued to play a key role.

UK casualty rates fell 3%, or 5% excluding motor. Motor outcomes ranged from 5% increases to 5% reductions depending on sector. Financial and professional lines fell 5%, after a 4% fall in the second quarter. UK cyber rates fell 7%, compared with 5% in the prior quarter.

Globally, rates fell 5% on average, the ninth consecutive quarterly decline, after a 6% fall in the second quarter. Property fell 10% while casualty rose 1%, driven largely by the US, where casualty rates rose 6%.

"Geopolitical uncertainty and broader economic concerns remain part of the operating environment, and many insurance buyers were more inclined to retain premium savings rather than reinvesting them in additional coverage," said John Donnelly, president of Global Placement at Marsh Risk.

The UK detail points to competition on terms as well as price. In UK property, Marsh said long-term agreements were readily available, insurer-sponsored risk bursaries became more common and underwriters continued to consider wider coverage to attract new business.

The index reflects the segment mix of Marsh's own client portfolio rather than the whole market.

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## Sources

- [Marsh: Global commercial insurance rates fall 5% in Q3 2026, 21 October 2026](https://www.marsh.com/en/corp/about/news/global-commercial-insurance-falls-5-percent-q3-2026.html?ref=thecoverwire.com)
- [Marsh: UK Insurance Market Rates, Q3 2026](https://www.marsh.com/en-gb/services/international-placement-services/insights/uk-insurance-rates.html?ref=thecoverwire.com)