Global Insurance Market Quarterly Briefing – April 2012
The commercial property insurance market for 2012 shows signs of upward rate trends in many countries, especially for catastrophe-exposed risks.
The global property insurance market showed signs of firming in the first quarter of 2012 as insurers attempted to recoup losses incurred from extensive catastrophes in 2011.
In 2011, catastrophe-exposed risks typically experienced premium rate increases, while rates remained generally flat for insureds without such exposures. In the first quarter of 2012, however, rates generally rose in both classes in most geographies.
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