Commercial Insurance rates in India fell sharply in Q2 2026, with cyber cover down 25-30%, according to Marsh’s latest index.

Strong competition among insurers, along with plenty of available capacity, pushed prices lower across several major insurance categories during the quarter.

Cyber insurance saw the steepest fall. Rates dropped 25 to 30% in India, a much sharper correction than the 14% decline seen across the wider IMEA region.

Professional indemnity rates fell 20 to 25%, while directors and officers liability cover dropped 15 to 20%. Taken together, the broader financial and professional lines segment saw a 6% decline, roughly in line with the previous quarter.

Property insurance rates fell 19% during the quarter, a much bigger drop than the 10% decline recorded in the first three months of the year. Marsh said the removal of tariffs and rising local competition both added to the pricing pressure.

Casualty insurance rates slipped a more modest 3%, easing from a 7% fall in the previous quarter, even as insurers kept an eye on their exposure to risks in the US.

Sanjay Kedia, CEO of Marsh India, said the current market gives Indian businesses a good opportunity to revisit their insurance programmes. He suggested companies use the softer pricing to improve coverage and raise their limits, rather than simply chasing lower premiums.

Gaurav Pagare, who leads sales and placement at Marsh India, said the growing competition in cyber insurance is letting businesses push for wider protection, including cover for ransomware attacks, business interruption and incident response costs.

The trend is not unique to India. Globally, commercial insurance rates fell 6% in the second quarter, marking the eighth straight quarter of decline, the Marsh index showed.

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