Commercial Insurance Pricing Continues Increasing in Second Quarter 2018
Global Insurance Market Index – Q2 2018
Global commercial insurance pricing increased for the third consecutive quarter in the second quarter of 2018, according to Marsh's quarterly Global Insurance Market Index, a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world's major insurance markets and comprising 90% of Marsh's premium.
- 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.
- Prices trended up in most regions with Australia averaging the largest increase, while prices decreased slightly in Continental Europe and Asia.
- Overall, the market remained stable with second quarter price changes within a relatively narrow range across most product lines and geographies.