The UK casualty market is in transition, partly mirroring recent developments in the overall commercial insurance market. In the third quarter of 2019, casualty rates decreased 0.2% in the UK, and increased 2.9% globally according to Marsh's Global Insurance Market Index.
The UK casualty insurance market has been a buyer's market for several years – since 2006 the rate has dropped by more than 40% on primary and excess business. However, this started to change in 2019: UK rate reductions are still possible, especially on employers' liability, but on a much smaller scale in terms of both frequency and size than previous years. For companies with a poor-performing claims history, increases are prevalent.
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