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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.


Global commercial insurance prices rose by 4% in the first quarter of 2023.


The pace of rate increases slowed for the eighth consecutive quarter; global composite increases peaked at 22% in the fourth quarter of 2020.

Global insurance market pricing declines in financial lines; increases for property

Global commercial insurance pricing rose 4% in the first quarter of 2023, the same as in the prior quarter, according to the Marsh Global Insurance Market Index.

This was the twenty-second consecutive quarter in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012. Increases peaked at 22% in the fourth quarter of 2020.

Property insurance pricing in the first quarter increased by 10% compared to 7% in the prior quarter; in the US, property pricing increased 17%, compared to 11% in the fourth quarter. Financial and professional lines pricing declined for the third consecutive quarter.

Cyber insurance pricing increases moderated again, to 11% compared to 28% in the prior quarter.

*Note: All references to pricing and pricing movements in this report are averages, unless otherwise noted. For ease of reporting, we have rounded all percentages regarding pricing movements to the nearest whole number. 

Constant bar chart represents global insurance composite pricing change.

Global Insurance Market Index – 2022 Q2

Key highlights

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


United States


United Kingdom


Continental Europe


Latin America and the Caribbean





Q3 2022 Global Insurance Market Index

Key highlights

Globally, pricing for the four major product lines were:


Property insurance


Casualty insurance


Financial and professional lines insurance


Cyber insurance

Global Insurance Market Index – 2023 Q1

GIMI Q3 2022