Global Insurance Market Quarterly Briefing – October 2012
Figures showed the typical renewal rate changes suggest that increases, although varying across lines of business, may be stabilizing.
According to the Marsh Risk Management Global Insurance Index, prices across major lines of insurance increased by 0.9% in the third quarter.
Global insurance prices continued to rise in the third quarter of 2012, but showed signs of stabilizing. Other findings in this report:
- The Eurozone crisis is a concern for liability underwriters, exemplified by rate increases for financial institutions across the region.
- Property insurance rates for catastrophe-exposed risks rose in the third quarter, but are expected to reverse in coming months.
Also, rate increases continue to outnumber decreases across major lines of business in the United States.