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.

9%

Global commercial insurance prices rose by 9% in the second quarter of 2022.

22%

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

Moderation in pricing increases continues

Global commercial insurance prices rose by 9% in the second quarter of 2022, according to the Marsh Global Insurance Market Index. The pace of rate increases slowed for the sixth consecutive quarter; global composite increases peaked at 22% in the fourth quarter of 2020.

The second quarter was the nineteenth consecutive in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012.

In the second quarter of 2022, a slower pace of increase in financial and professional lines contributed to a moderation of pricing in most geographies.

Cyber insurance pricing continued to rise significantly, although the pace of increase slowed in the quarter, to 79% in the US and 68% in the UK, compared to 110% and 102%, respectively, in the prior quarter.

The UK experienced the steepest decline in composite pricing increases, to 11% this quarter from 20% in the first quarter.

Constant bar chart represents Global Insurance Composite Pricing Change.

Key highlights

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

10%

United States

11%

United Kingdom

6%

Continental Europe

5%

Latin America and the Caribbean

3%

Asia

7%

Pacific

Global Insurance Market Index – 2022 Q2

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