{"id":652,"date":"2025-07-10T08:00:29","date_gmt":"2025-07-10T08:00:29","guid":{"rendered":"http:\/\/www.atsnorfolk.com\/?p=652"},"modified":"2025-07-16T14:20:30","modified_gmt":"2025-07-16T14:20:30","slug":"property-cat-rates-down-8-1-globally-6-7-in-us-15-9-in-apac-in-2025-guy-carpenter","status":"publish","type":"post","link":"http:\/\/www.atsnorfolk.com\/index.php\/2025\/07\/10\/property-cat-rates-down-8-1-globally-6-7-in-us-15-9-in-apac-in-2025-guy-carpenter\/","title":{"rendered":"Property cat rates down 8.1% globally, 6.7% in US, 15.9% in APAC in 2025: Guy Carpenter"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

Reinsurance broker Guy Carpenter has updated its property catastrophe reinsurance rate on line indices today and the latest data shows that after the April and mid-year renewals, property cat reinsurance rates have fallen 8.1% globally, 6.7% in the United States and a more significant 15.9% in the Asia Pacific region.
\n<\/span>
\nRecall that, these indices for property catastrophe reinsurance rates and pricing largely fell at the start of the year<\/a>.<\/p>\n

The January 2025 declines were the first since 2017 for all of the indices, except for Asia Pacific, where after a rebasing and re-evaluation of the data for the rate-on-line (RoL) Index for that region, Guy Carpenter\u2019s data showed a decline occurred there in 2024 as well.<\/p>\n

Now, the declines have continued and accelerated in all cases after Guy Carpenter has incorporated the market data from the mid-year June and July reinsurance renewals into its indices.<\/p>\n

First, the Guy Carpenter Global Property Catastrophe Rate on Line Index<\/a>, which is its proprietary index of global property catastrophe reinsurance Rate-on-Line movements, on brokered excess of loss placements, that has been maintained by the broker since 1990.<\/p>\n

The Global Property Catastrophe Rate on Line Index fell by 6.6% at the January 1 2025 renewals, which was its first decline since 2017.<\/p>\n

Now, after including market data from the mid-year renewals, this Global index is now down 8.1% for 2025 to-date.<\/p>\n

Despite these declines, this Global index of property catastrophe reinsurance rates and pricing is still higher than all years running from 2006 to 2023.<\/p>\n

Notably, this Index of global property catastrophe reinsurance pricing is still 57% higher than its last low in 2017, reflecting still strong and attractive pricing in reinsurance.<\/p>\n

Alongside the firm terms, conditions and attachments, this is why catastrophe reinsurance remains so attractive at this time, despite now two years of softening from its highs.<\/p>\n

You can analyse the Guy Carpenter Global Property Rate on Line Index using our interactive chart<\/a>:<\/p>\n

\"global-property-catastrophe-reinsurance-rates\"<\/a><\/p>\n

Next, the Guy Carpenter U.S. Property Catastrophe Rate on Line Index<\/a>, which measures US property catastrophe reinsurance Rate-on-Line movements, on brokered excess of loss placements, and tracks the data back to 1990 as well.<\/p>\n

This index for United States property catastrophe reinsurance rates and pricing had fallen by 6.2% at 1\/1 2025, which was the first decline for this index since 2017 as well.<\/p>\n

Now, following the 6\/1 and 7\/1 reinsurance renewals at the mid-year, the Guy Carpenter U.S. Property Catastrophe Rate on Line Index is down a little further at a 6.7% decline for 2025 so far.<\/p>\n

For this US index of property catastrophe reinsurance rates, the Index is still up by a significant 93% since its low in the soft market year of 2017.<\/p>\n

You can analyse the Guy Carpenter U.S. Property Rate on Line Index using our interactive chart<\/a>:<\/p>\n

\"us-property-catastrophe-reinsurance-rates\"<\/a><\/p>\n

Turning to the Asia Pacific region, Guy Carpenter’s APAC property catastrophe reinsurance rate-on-line index<\/a> tracks the same property catastrophe reinsurance Rate-on-Line movements, on brokered excess of loss placements, for this part of the world.<\/p>\n

In Asia Pacific (APAC), property catastrophe reinsurance rates fell by 7.2% at January 1st 2025. As we explained, the APAC index had been rebased by Guy Carpenter to show it had declined for full-year 2024 as well.<\/p>\n

Including the April reinsurance renewal data, as of July this APAC property cat ROL index is now down by 15.9% in 2025.<\/p>\n

Since its most recent low, this APAC index of property catastrophe reinsurance rates on line is now only up by 19.5% since 2018.<\/p>\n

You can analyse the Guy Carpenter Regional Property Rate on Line Index using our interactive chart:<\/p>\n

\"apac-property-catastrophe-reinsurance-rates\"<\/a><\/p>\n

Guy Carpenter explains on its Indices, “Rate on line (ROL) is the cost of reinsurance per dollar of limit. The calculation of ROL is reinsurance premium as a percentage of limit. Each Guy Carpenter ROL index is a measure of the change in dollars paid for coverage year on year on a consistent program base. Each index reflects the pricing impact of a growing (or shrinking) exposure base, changes in buying habits and the way risk is measured, as well as changes in market conditions. Unlike risk-adjusted measurements, each index is not dependent on the model or method used to measure the amount of perceived risk in a program, which can vary widely.”<\/p>\n

Overall, property catastrophe reinsurance rates-on-line are still sitting at attractive levels, especially for the United States and other regions, while APAC has clearly softened fastest but remains well above its last trough.<\/p>\n

Combined with the changes to attachments and terms that have proven to be sticky, this can still make for a very profitable environment to enter the reinsurance market for capital providers and investors.<\/p>\n

Read all of our reinsurance renewals coverage here<\/a><\/strong>.<\/p>\n

Property cat rates down 8.1% globally, 6.7% in US, 15.9% in APAC in 2025: Guy Carpenter<\/a> was published by: www.Artemis.bm<\/a>
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reinsurance broker Guy Carpenter has updated its property […]<\/p>\n","protected":false},"author":1,"featured_media":654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance-renewals"],"_links":{"self":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/comments?post=652"}],"version-history":[{"count":3,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/652\/revisions"}],"predecessor-version":[{"id":658,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/posts\/652\/revisions\/658"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/media\/654"}],"wp:attachment":[{"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/media?parent=652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/categories?post=652"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.atsnorfolk.com\/index.php\/wp-json\/wp\/v2\/tags?post=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}