Kathmandu. In the first six months of 2025, the global commercial insurance rate fell by 4 percent. Which is continuing the declining trend of insurance rates due to increasing competition among insurance companies.
According to Mars’ latest global insurance market index, insurance rates fell 3 percent in the first three months of this year. This is the fourth consecutive quarterly decline after nearly seven years of growth.
All sectors, except the US, reported a decline in insurance rates in the second quarter of this year compared to the same period last year. In the US, insurance rates have remained stable.
Insurance rates in the Pacific region have fallen by 11 percent. Which is the highest. Since then, there has been a decline of 6 percent in the UK.
Rates fell 5% in Asia, Latin America and the Caribbean, as well as in India, the Middle East and Africa. While both Canada and Europe have seen a decline of 4 percent.
Globally, property insurance rates have fallen by 7 percent. Property insurance rates fell sharply by 13 percent and 9 percent in the Pacific and the Us, respectively. However, due to the high frequency and severity of insurance claims, the accident insurance rate has increased by 4 percent worldwide. It is led by the US by 9 percent.
Globally, cyber insurance rates have fallen by 7 percent. According to Mars, competition among insurance companies and an increase in market potential are contributing to wider coverage options. However, the company said that the rising accident rate in the US is a matter of concern amid ongoing geopolitical risks.
