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.

15%

Global commercial insurance prices rose 15% in the third quarter of 2021

96%*

Increase in cyber insurance pricing (*US Market)

Pricing increases 15% in third quarter

Global commercial insurance prices rose 15% in the third quarter of 2021, the sixteenth consecutive quarter of price increases, continuing the longest stretch of increases since the inception of the Marsh Global Insurance Market Index in 2012 . Pricing increases peaked in the fourth quarter of 2020 at 22%.

Cyber insurance pricing again rose significantly in the quarter — up 96% in the US and 73% in the UK — due to increased frequency and severity of losses.

Key highlights

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

14%

United States

27%

United Kingdom

10%

Continental Europe

2%

Latin America and the Caribbean

6%

Asia

17%

Pacific

Constant bar chart represents Global Insurance Composite Pricing Change.