You are here:HomeNews CenterInsurance News2017Marsh: Global Rates Continue Down

Marsh: Global Rates Continue Down

According to Marsh’s Global Insurance Index, global insurance rates decreased for the 17th consecutive quarter in the second quarter of 2017 due to substantial capacity and a competitive underwriting market...
August 23, 2017

Marsh

According to Marsh’s Global Insurance Index, global insurance rates decreased for the 17th consecutive quarter in the second quarter of 2017 due to substantial capacity and a competitive underwriting market.


Global insurance rate decreases moderated on average for the sixth consecutive quarter, down 2.2 percent, compared with the previous quarter's decrease of 2.3 percent. Global property rates declined an average of 2.8 percent in the second quarter, compared with a decrease of 3.6 percent in the first quarter, while financial and professional lines declined by 2.1 percent, compared to 2.6 percent in the previous quarter.

The U.S. commercial insurance rate decline for the second quarter was higher than the overall global rate, a change from the first quarter, and was driven largely by casualty lines, which declined an average of 2.3 percent after having risen 0.4 percent in the first quarter. U.S. cyber insurance rates decreased an average of 1.5 percent in the second quarter.

Filed under: