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Risk in Context Podcast: Global Insurance Market Trends

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07/09/2021

Commercial insurance market conditions remain difficult for many buyers, although pricing increases are moderating in some cases.

This episode of Marsh’s Risk in Context podcast features Marsh’s Elaine Casaprima and Chris Lang on the state of the commercial insurance marketplace midway through 2021.

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Key takeaways

  • The second quarter of 2021 was the 15th consecutive quarter in which insurance pricing increased globally, according to Marsh’s Global Insurance Market Index. But across most regions, those pricing increases are moderating, especially for property and directors and officers liability.
  • Although pricing continues to increase, underwriters are now showing a greater willingness to compete for new business and increase capacity on select risks.
  • Insurance buyers can take steps to better prepare for upcoming renewals and positon their organizations for better outcomes, including providing underwriters with mix of qualitative and quantitative information and considering different approaches on program structures, deductibles, retentions, and limits.

About our speakers

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Elaine Casaprima

Head of Bowring Marsh

Elaine Casaprima is the head of Bowring Marsh Continental Europe and the country corporate officer for Marsh McLennan in Switzerland. She oversees the European insurance placements of more than 200 Fortune 1000 clients and has primary responsibility for Marsh’s relationship with key Swiss and German markets.

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Christopher Lang

Marsh Global Placement Leader

Christopher Lang is Marsh’s global placement leader for US and Canada. He is responsible for Marsh’s US/Canada placement strategy in alignment with our global placement organization. Chris is a member of the Marsh US/Canada executive committee as well as the global placement leadership team.