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.

4%

Global commercial insurance prices rose by 4% in the fourth quarter of 2022.

22%

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

Commercial insurance pricing increases continue to moderate

Global commercial insurance pricing rose 4% in the fourth quarter of 2022, compared to 6% in the prior quarter, according to the Marsh Global Insurance Market Index. The overall pace of pricing increases slowed for the eighth consecutive quarter; increases peaked at 22% in the fourth quarter of 2020.

The fourth quarter was the twenty-first consecutive in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012. The quarter’s pricing moderation was driven largely by a 6% decrease in financial and professional lines and the continued moderation in cyber pricing.

Constant bar chart represents Global Insurance Composite Pricing Change.

Key highlights

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

3%

United States

4%

United Kingdom

6%

Continental Europe

7%

Latin America and the Caribbean

2%

Asia

5%

Pacific

Q3 2022 Global Insurance Market Index

Global Insurance Market Index – 2022 Q4

Global Insurance Market Index – 2022 Q3

GIMI Q3 2022