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Global Insurance Market Update

Continental Europe pricing Q1 2023

Insurance pricing in the first quarter in Continental Europe (CE) increased 5%, compared to 6% in each of the prior four quarters.

Panarama of the mountains, snow and blue glacial ice of the Smeerenburg glacier, Svalbard, and archipelago between mainland Norway and the North Pole. An inflatable boat is anchored in the foreground.

04/26/2023

Underwriters focus on losses, inflation, risk controls

Insurance pricing in the first quarter in Continental Europe (CE) increased 5%, compared to 6% in each of the prior four quarters.

Constant bar chart represents global insurance composite pricing change.

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Global Insurance Market Index

US pricing

Insurance pricing in the fourth quarter of 2022 in the US increased by 3%, compared to 5% in the prior quarter.

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Global Insurance Market Index

UK pricing

Insurance pricing in the UK increased 4% in the fourth quarter, compared to 7% in the third quarter.
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Global Insurance Market Index

Latin America and Caribbean pricing

Insurance pricing in the fourth quarter in the Latin America and Caribbean (LAC) region increased 7%, compared to 5% in each of the prior two quarters.
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Global Insurance Market Index

Pacific pricing

Insurance pricing in the Pacific region increased 5% in the fourth quarter, the same as in the prior quarter.
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Global Insurance Market Index

Asia pricing

Insurance pricing in the fourth quarter in Asia increased 2%, the same as in in the prior quarter.