Global commercial insurance prices rose 13% in the fourth quarter of 2021, a decline from the 15% increases in both the second and third quarters. Global pricing increases peaked in the fourth quarter of 2020 at 22%, and slowed or remained flat throughout 2021.
Cyber insurance pricing again rose significantly — for example, increasing 130% in the US and 92% in the UK.
Regionally, composite pricing increases for the fourth quarter were as follows
Global Insurance Market Index
Insurance pricing in the Pacific region increased 13%.