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The Index and rate change metrics are based on a combination of statistical data and input from Marsh placement leaders worldwide. (Photo: Shutterstock)

The second quarter of 2017 marked six consecutive quarters of moderating renewal rate decreases, according to the latest Marsh Global Insurance Market Index.

It is also the seventeenth consecutive quarter in which commercial insurance rates declined, on average, largely due to the continuing forces of a global market with significant capacity and a competitive underwriting environment.

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