Rates in the UK commercial insurance market softened by 6% in the third quarter, maintaining the level of decline seen throughout 2025, according to research by Marsh.
It was the seventh UK quarterly fall in a row calculated by the broker’s Global Market Insurance Index.
Also in keeping with previous editions, it found the UK dropped by more than the global benchmark which had a 4% fall for July to September.
The data revealed drops in every business line apart from casualty which was flat.
Low
The rate of reduction in property business sped up quarter-on-quarter, from 6% in Q2 to 7% in Q3.
Marsh explained that levels of competition had stayed high with insurers
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