13%
Global commercial insurance prices rose 13% in the fourth quarter of 2021
130%*
Increase in cyber insurance pricing (*US Market)
Pricing increases 13% in fourth quarter
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.
Key highlights
Regionally, composite pricing increases for the fourth quarter were as follows
14%
United States
22%
United Kingdom
9%
Continental Europe
4%
Latin America and the Caribbean
4%
Asia
13%
Pacific
Explore the report
Global Insurance Market Index
Pacific Pricing: Rate of Increase Declines, Matches Global Pace
Insurance pricing in the Pacific region increased 13%.
