Core Insights - Global commercial insurance rates fell by 4% in Q3 2025, marking the fifth consecutive quarterly decrease, driven by increased competition among insurers and favorable reinsurance pricing [1][3][5] - All global regions experienced year-over-year composite rate decreases, with the Pacific region seeing the largest decline at 11% [2][5] - Casualty rates increased by 3% globally, primarily due to an 8% increase in the US, while property rates declined by 8% globally [5] Summary by Category Global Insurance Market Trends - The overall composite rate in the US declined by 1% in Q3 2025, following a flat rate in Q2 2025 [2] - The trend of declining rates began in Q1 2021, reversing a seven-year period of increases [3] Regional Performance - The Pacific region experienced the largest composite rate decrease at 11%, followed by Latin America and the Caribbean (6%) and the UK (6%) [2] - Rates in Asia and India, as well as the Middle East and Africa, declined by 5% each, while Europe saw a 4% decrease and Canada a 3% decrease [2] Specific Insurance Lines - Property insurance rates declined by 8% globally, with the Pacific region experiencing a 14% decrease [5] - Financial and professional lines saw a 5% decrease globally, with the Pacific region experiencing the largest drop at 10% [5] - Cyber insurance rates decreased by 6% globally, with Europe seeing a 12% decline [5]