In the U.S., composite prices increased 12% in Q1 2022, compared with a 14% increase the previous quarter. Similarly, rates in the UK showed a first quarter increase of 20% compared with a 22% increase in Q4 2021. (Credit: denisismagilov/stock.adobe.com)
During the first quarter of 2022, commercial insurance rates saw an 11% increase worldwide compared with a 13% increase in the previous quarter, according to Marsh, which reported Q1 2022 was the fifth consecutive period to experience rate moderation since prices peak in Q4 2020.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
