Commercial Insurance Pricing Continued to Increase in Second Quarter 2018
Marsh today released its Global Insurance Market Index for the second quarter of 2018. Highlights include:
Global commercial insurance prices rose, on average, for the third consecutive quarter. The increase was largely driven by insurance pricing for property lines, which continued to be affected by 2017 catastrophe losses, and by increases in financial and professional lines.
Overall, the market remained stable with second quarter price changes within a relatively narrow range across most product lines and geographies.
Globally, property insurance pricing increased 2.3%, on average. Financial and professional lines pricing increased 3.3% on average in the quarter, driven by increases in several regions, most notably
Prices trended up in most regions with
Commenting on the findings,
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