Commercial Insurance Pricing Increased in First Quarter 2018
Global Insurance Market Index – Q1 2018
Today Marsh released its Global Insurance Market Index for the first quarter of 2018. Highlights include:
- Composite insurance pricing decreased 0.8%. Property lines were the only major coverage area in the region to rise, with a 0.1% average increase. Slight increase in the rate of decline for casualty lines.
- Financial and professional lines, the average rate of decline decreased, driven primarily by D&O.
- The market is generally stable and competition remains in most sectors, although insurers generally are taking firmer positions on pricing.
For Continental Europe the Insurance Market remains competitive.