According to Marsh's Global Insurance Market Index, this reduction marks the fourth consecutive quarter of softening prices for commercial clients in the Australia-Pacific region. Property rates fell by 8%, casualty rates decreased by 2%, and financial and professional lines saw a 12% reduction.
For self-employed professionals and freelancers, this downward trend in commercial insurance rates presents an opportunity to secure more affordable coverage. However, it's essential to remain vigilant, as claims-impacted accounts may still face scrutiny, and insurers may be reluctant to offer significant price reductions in such cases.
As the market continues to evolve, staying informed about rate trends and engaging with insurance providers to explore tailored coverage options will be crucial for freelancers seeking to manage risks effectively while maintaining financial stability.
Published: Monday 23rd February, 2026
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
