image credit: Adobe Stock

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

August 1, 2022

Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance Market Index released by insurance broker Marsh.

Average price hikes across most regions moderated due to slower rates of increase, and some decreases, in certain financial and professional lines, Marsh said.

Read More on Insurance Journal