Global insurance rates continue to rise
Marsh Global Insurance | May 17, 2018
Global commercial insurance pricing increased in the first quarter of 2018, according to the Marsh Global Insurance Market Index. This is the second consecutive quarter of increases, following four-and-a-half years of price decreases. This sustained rating pressure has been largely driven by property insurance pricing, which was impacted by large catastrophe losses in the third quarter of 2017. The index suggests price increases in financial and professional lines have also made an impact.