Analysis

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.
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.
“Pricing was trending higher in the first quarter, prior to any meaningful impact from losses associated with COVID-19,” Dean Klisura, president, global placement and advisory services at Marsh, said in a statement. He also noted that the pandemic will likely affect the remaining quarters, with its impact reflected in the total balance for 2020.
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