Average commercial insurance prices increased by two percent in the fourth quarter of 2018, the fifth consecutive quarter of average increases.
Also, according to broker Marsh’s Global Insurance Market Index, composite pricing in Q4 increased in all global regions, the first time all regions have reported an increase in the same quarter.
Globally, pricing for property risks increased by almost four percent on average, slightly above the rates recorded in the previous three quarters. Casualty prices declined nearly one percent on average, continuing a trend started in 2013.
