Report

Global Insurance Market Index

The Global Insurance Market Index is our proprietary measure of global commercial insurance premium pricing change at renewal, providing insights on the world's major insurance markets.

13%

Global commercial insurance prices rose 13% in the fourth quarter of 2021

130%*

Increase in cyber insurance pricing (*US Market)

Pricing increases 13% in fourth quarter

Global commercial insurance prices rose 13% in the fourth quarter of 2021, a decline from the 15% increases in both the second and third quarters. Global pricing increases peaked in the fourth quarter of 2020 at 22%, and slowed or remained flat throughout 2021.

Cyber insurance pricing again rose significantly — for example, increasing 130% in the US and 92% in the UK.

Key highlights

Regionally, composite pricing increases for the fourth quarter were as follows

14%

United States

22%

United Kingdom

9%

Continental Europe

4%

Latin America and the Caribbean

4%

Asia

13%

Pacific

Constant bar chart represents Global Insurance Composite Pricing Change.

Global Insurance Market Index – 2021 Q4