Global commercial insurance pricing was up 6% in the second quarter, according to new data from Marsh. Q2 marked the seventh consecutive quarter of price increases, while the 6% jump was the largest increase since Marsh’s Global Insurance Market Index survey began in 2012.
Globally, pricing for property risks increased by 8%. Financial and professional lines saw an average 10% jump, and casualty increased 1%, according to Marsh. Price increases were generally more pronounced in large accounts, particularly in property and directors’ and officers’ liability.
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