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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) 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.

While this is the 18th consecutive quarter of increases, Marsh noted the rate of premium growth has been moderating across most lines and in almost all regions. This trend is anticipated to continue as “fundamentals remain strong,” according to Lucy Clarke, president of Marsh Specialty and Marsh Global Placement.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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