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Global insurance rate decreases moderated for the fifth consecutive quarter, according to Marsh’s Global Insurance Market Index, a proprietary measure of global commercial renewal rates, representing the world’s major insurance markets and comprising 90% of Marsh premium. |
Highlights of this quarter’s report, released today, include:
• Global insurance rate decreases moderated on average for the fifth consecutive quarter, down 2.3% (compared to the previous quarter’s decrease of 3.1%). Commenting on the findings, Dean Klisura, Global Industry Specialties and Placement leader at Marsh, said: “The first quarter of 2017 was the sixteenth consecutive quarter in which average renewal rates declined. This trend continues to be driven by a marketplace with significant capacity and a competitive underwriting environment.”
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