|
Cyber rates continue to rise at slower pace; financial and professional rates fall for a second quarter.
Global commercial insurance prices increased 4% in the fourth quarter of 2022 (down from a 6% increase in Q3 and a 9% increase in Q2), according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor. This continues a trend of moderating increases that began in Q1 2021. While this is the 21th consecutive quarter of increases, pricing increases moderated in most regions with the exception of financial and professional lines, which decreased for only the second time since Q3 2017.
Pricing increases across most regions moderated or remained the same due to an overall decrease in...
|