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India sees up to 45% cut in property insurance rates; cyber insurance sees steepest decline: Report

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India sees up to 45% cut in property insurance rates; cyber insurance sees steepest decline: Report

India sees up to 45% cut in property insurance rates; cyber insurance sees steepest decline: Report

Strong insurer capacity and increased competition drove commercial insurance rates lower across property, financial and professional liability, and cyber insurance in India during the first three quarters of 2026, giving businesses greater room to negotiate premiums, coverage limits and policy terms, according to Marsh’s Global Insurance Market Index.

Commercial insurance rates in India continued to decline through the first three quarters of 2026, with increased insurer capacity and intensifying competition easing pricing across property, financial and professional liability, and cyber insurance, according to Marsh ’s Global Insurance Market Index. The latest assessment by Marsh pointed to a more favourable market for corporate insurance buyers, with India recording some of the steepest rate reductions across the India, Middle East and Africa (IMEA) region. The trend has also strengthened businesses’ negotiating power on coverage, limits, deductibles and policy terms. Advt

The findings come amid a broader global softening in commercial insurance prices. Global rates fell 5% in the third quarter of 2026, marking the ninth consecutive quarter of declines, while the IMEA region recorded the steepest composite rate reduction among all regions at 14%, according to Marsh’s latest index. Property insurance sees sustained rate declines Property insurance rates in India declined for the fourth consecutive quarter, supported by increased capacity and competition among insurers. During the first quarter of 2026, some Indian clients secured rate reductions of up to 45%, although decreases were typically lower. This compared with an average 10% decline across IMEA during the quarter.


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