Rates to cover risks such as fire, cyber-security breaches and professional liabilities declined by at least a sixth in the June quarter, according to data from Marsh India, reflecting abundant domestic and overseas capacity that has undercut pricing.
Cyber insurance rates fell 25-30%, fire insurance 19%, professional indemnity 20-25% and directors' and officers' liability 15-20%. The soft market is expected to persist in the near term, with additional reinsurance capacity through GIFT City adding to competition.
Marsh's Gaurav Pagare called it a buyer's market, with insurers focused on top-line growth through aggressive underwriting. Despite large losses across property, casualty and cyber, the surge in capacity is outweighing claims pressure and keeping premiums under pressure.
Source: Economic Times / Marsh India (August 13, 2026)