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.

6%

Global commercial insurance prices rose by 6% in the third quarter of 2022.

22%

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

Moderation in pricing increases continues

Global commercial insurance pricing rose 6% in the third quarter of 2022, according to the Marsh Global Insurance Market Index. The pace of rate increase slowed for the seventh consecutive quarter; global composite increases peaked at 22% in the fourth quarter of 2020.

The third quarter was the twentieth consecutive in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012. In the third quarter of 2022, composite pricing moderated in most regions, driven by the first decrease in financial and professional lines since the third quarter of 2017.

Cyber insurance pricing increases again outpaced other products; however, cyber insurance pricing increases also moderated, to 48% in the US and 66% in the UK.

Constant bar chart represents Global Insurance Composite Pricing Change.

Key highlights

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

5%

United States

7%

United Kingdom

6%

Continental Europe

5%

Latin America and the Caribbean

2%

Asia

5%

Pacific

Q3 2022 Global Insurance Market Index

Global Insurance Market Index – 2022 Q3

Global Insurance Market Index – 2022 Q2

GIMI Q3 2022