Global insurance premiums drop 6% in Q2 2026 as Brazil auto rates hit historic low

The Marsh Global Insurance Market Index shows that worldwide insurance premiums fell 6% in the second quarter of 2026, marking the eighth consecutive quarterly decline. The fall was driven by excess capital, lower reinsurance costs and higher investment returns, with property‑damage lines dropping about 12% while liability premiums rose 2%. Regional declines were strongest in India, the Middle East and Africa (‑16%), followed by the Pacific (‑13%) and Latin America and the Caribbean (‑9%). Europe saw a 6% reduction and the United States a 2% drop. Cyber insurance prices also fell 4%, extending a 12‑quarter downward trend.

In Brazil, the TEx/Serasa Experian auto‑insurance price index (IPSA) reached its lowest level since the series began, slipping to 4.4% in June 2026. Auto premiums have declined steadily since late 2025, while motorcycle premiums remain more volatile, ending the month at 8.5%. Analysts attribute the stability to heightened competition and more predictable risk assessment, though younger drivers still face the highest rates.