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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 markets: Overall pricing continues to moderate; property coverage challenging.

Global commercial insurance pricing rose 3% in the second quarter of 2023, compared to 4% in the prior quarter, according to the Marsh Global Insurance Market Index.

This was the twenty-third 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.

Composite pricing was relatively consistent across regions, driven largely by rate decreases for financial and professional lines and either decreases or moderating increases for cyber insurance. Property insurance experienced the largest increases of any major product line.

Globally, cyber insurance pricing increases moderated to 1%, compared to 11% in the prior quarter and 28% in the fourth quarter of 2022.

*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. 

Global Insurance Market Index – 2022 Q2

Constant bar chart represents global insurance composite pricing change.

Key highlights

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


United States


United Kingdom


Continental Europe


Latin America and the Caribbean





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 Q2