The Marsh Transactional Risk Insurance 2025: Year in Review report said global M&A deal value rose nearly 37% year-on-year in 2025 to approach $5 trillion, supported by a rise in large and mega deals. It added that India is reflecting a similar trend, with increasing deal sizes, cross-border activity and regulatory scrutiny driving demand for structured risk solutions.
The report noted that Marsh recorded a 34% increase in global transactional risk insurance limits to $91.6 billion, while policy volumes rose 37%, underscoring the growing role of insurance in deal execution.
In India, adoption is expanding across private equity and strategic corporate transactions, particularly in sectors such as technology, healthcare, infrastructure and energy, where deal complexity and regulatory considerations are rising.
The report highlighted that larger transactions are pushing demand for higher insurance limits and more layered coverage structures. It also noted a global shift in buyer composition, with corporate buyers accounting for 54% of insured transactions, a trend visible in India as companies pursue strategic acquisitions.
Claims frequency and severity have also risen globally, signalling what the report described as a maturing market, while premium rates have increased across regions, including an 8% year-on-year rise in Asia, indicating tighter underwriting conditions.
Sanjay Kedia, CEO and President, Marsh India, said awareness and adoption of transactional risk solutions among Indian dealmakers is increasing as cross-border deals and regulatory complexity grow.
“As India continues to position itself as a global investment hub, the ability to effectively manage transaction-related risks will be critical. We are seeing growing awareness and adoption of transactional risk solutions among Indian dealmakers… This trend is expected to accelerate further in 2026,” Kedia said.
Aditya Samag, Private Equity and M&A Leader, Marsh India, said India is seeing a shift toward larger, more complex transactions across high-growth sectors.
“Transactional risk insurance is no longer optional—it has become a strategic tool for investors and corporates to enhance deal certainty, manage regulatory exposures, and remain competitive in auction processes,” Samag said.
Looking ahead, the report said India is likely to remain a key growth market for M&A, supported by strong domestic fundamentals, investor confidence and rising cross-border interest. However, it added that geopolitical uncertainty and evolving regulations may continue to influence deal activity and risk strategies.
Transactional risk insurance, it said, is expected to play an increasing role in supporting deal certainty, bridging valuation gaps and protecting against downside risks in India’s evolving M&A landscape.
