Mumbai : Marsh, the world’s leading insurance broker and risk advisor, has released its 2026 Global Transactional Risk Insurance Claims Report, highlighting a sharp rise in transactional risk insurance claims activity globally and across Asia, with India emerging as one of the region’s most active markets for notifications.

The report reveals that claims notifications across Asia and the Pacific increased by 76% year-on-year in 2025, while Marsh clients in the region received more than US$80 million in claims payments during the year with the highest annual amount recorded for the region. India accounted for 33% of all transactional risk insurance claims notifications in Asia during 2025, second only to Japan, reflecting the increasing adoption and maturity of transactional risk insurance solutions in India’s mergers and acquisitions ecosystem.

Sanjay Kedia, CEO & President, Marsh India, said, “As India’s deal landscape becomes larger and more sophisticated, transactional risk insurance is increasingly being viewed as a strategic tool to manage complexity, mitigate downside risks, and enhance deal certainty. We are seeing growing awareness among Indian corporates and investors around the importance of structured risk transfer solutions, particularly as claims activity continues to rise across the region.”

The report further noted that the majority of claims in Asia were reported within two years of policy inception, although notifications beyond the 24-month mark are increasing, reinforcing the long-tail nature of transactional risks and the value of warranty and indemnity insurance protection beyond the immediate integration phase.

Key India insights

In India, growing deal sizes, increased cross-border activity, regulatory scrutiny, and more sophisticated deal structures are contributing to greater adoption of transactional risk insurance across private equity and strategic corporate transactions.

  • Claims activity rising: India accounted for 33% of all transactional risk insurance claims notifications in Asia in 2025, underlining increasing policy utilization and market maturity
  • Financial statements driving claims: Financial statement-related breaches emerged as the leading cause of claims notifications across Asia, accounting for 41% of warranty and indemnity notifications
  • Tax liability claims increasing: Tax liability insurance claims more than doubled year-on-year in Asia amid rising regulatory and tax scrutiny

Additionally, the report found that increasing insurer competition across Asia has improved claims servicing, with some insurers issuing preliminary coverage guidance within three calendar days of notification and 92% of claims receiving substantive responses within 30 calendar days. Long-tail risks are also becoming more visible with a growing share of claims are being reported more than 24 months after policy inception, highlighting the importance of long-term protection beyond deal completion.

Aditya Samag, Private Equity and M&A Leader, Marsh India, said, “India’s transactional risk insurance market is evolving rapidly alongside the country’s M&A ecosystem. Increasing claims notifications, particularly around financial statement and tax-related exposures, reinforce the importance of robust due diligence, proactive claims management, and transaction-specific insurance structuring to protect value and support smoother deal execution.”