Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh.
While this is the 16th consecutive quarter of increases, the rate of increase continues to moderate in many lines of business and in most geographies, said Marsh, noting that this trend may suggest that pricing increases peaked in the fourth quarter of 2020, at 22%.
