General Insurance Article - Commercial insurance pricing up for fifth successive quarter


Marsh today released its Global Insurance Market Index for the fourth quarter of 2018. Highlights include:

 Average commercial insurance prices increased by 2% in Q4 2018, the steepest increase since the survey began in 2012 and the fifth consecutive quarter of average increases.

 Composite pricing in Q4 increased in all global regions, the first time all regions have reported an increase in the same quarter.

 Regionally, Pacific had the largest pricing increases in the index (>10%), a trend that has continued for seven quarters. The UK, Continental Europe and Latin America all reported average pricing increases of at least 1%.

 Globally, pricing for property risks increased by almost 4% on average, slightly above the rates recorded in the previous three quarters. Casualty prices declined nearly 1% on average, continuing a trend started in 2013.

 Average pricing in financial and professional lines increased across all global regions, most notably in Australia. The increases were primarily on directors and officers insurance.

 Commenting on the findings, Dean Klisura, President, Global Placement and Specialties at Marsh, said: “Although the last quarter of 2018 saw average prices increase in all regions, the increases were generally modest. While pricing for property and financial and professional lines have increased globally for five straight quarters, market capacity remains strong in most geographies.”

  

   Marsh's Global Insurance Market Index

Back to Index


Similar News to this Story

DB maturity means consultants must manage the end game
The dawn of a new era for the pensions industry, as defined benefit (DB) schemes reach maturity, is shifting the strategic focus of many schemes to th
You may miss car insurance savings by not using telematics
A survey conducted by YouGov and commissioned by Redtail Telematics, the long-established provider of integrated telematics solutions worldwide for th
False insurance claims rise by twenty seven percent
Cifas, the UK’s leading fraud prevention service with over 450 members, has released new figures showing a marked increase in the number of individual

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.