Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

Market Insights

Marsh: Global commercial insurance prices up 14% in Q1 2020

Rates increased for the tenth consecutive quarter despite the minimal impact of the COVID-19 pandemic.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Global average commercial insurance prices increased 14% in the first quarter of 2020, according to the Global Insurance Market Index, released by Marsh. (Photo: Vectomart/Shutterstock)

For the tenth consecutive quarter, commercial insurance prices across regions rose an average of 14% in the first quarter, says Marsh’s Global Insurance Market Index for Q1 2020. The rate hike marks the largest year-over-year increase since Marsh began publishing the index eight years ago.

Heather A. Turner

Heather A. Turner is the digital managing editor of NU PropertyCasualty360.com.

Dig Deeper

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now