Captive.com logo

Captive Insurance News

Free Captive Wire Report

Tax Considerations for Captive Insurers

A FREE 16-page special report courtesy of Captive.com

Dig deep into important issues and trends in captive insurance. Download this FREE special report featuring practical knowledge and insights from nine respected captive insurance thought leaders!

Show Me My Free Report

Global Commercial Insurance Pricing Up 6 Percent

global increase -SF
August 13, 2019

Marsh recently released its Global Insurance Market Index for the second quarter of 2019 with the following key findings. 

  • Average commercial insurance pricing increased nearly 6 percent in second quarter 2019, the largest increase since the survey began in 2012, and the seventh consecutive quarter of average pricing increases.
  • Globally, on average, pricing for property risks increased 8 percent, financial and professional lines rose almost 10 percent, and casualty increased nearly 1 percent. In general, pricing increases were more pronounced in large accounts, particularly in property and directors and officers liability (D&O).
  • Composite pricing in the second quarter increased in all geographic regions for the third consecutive quarter, largely driven by rates in property and D&O coverages.
  • The Pacific region had the largest composite pricing increase in the index (18 percent), a quarterly trend that has continued for 2 years. Pacific composite pricing was driven by increases in D&O rates (many organizations experienced high double-digit increases), as well as increases in both catastrophe and noncatastrophe property.
  • The United States, United Kingdom, and Asia all reported average pricing increases of 3 percent or higher.
Commenting on the findings, Dean Klisura, president of global placement at Marsh, said, "Global insurance pricing increased 6 percent in Q2 2019, double the rate observed in Q1. Although global pricing has now increased every quarter for nearly 2 years, market capacity remains stable in most products and geographies."
Captive Insurance Company Reports
Follow Captive.com on Twitter

Twitter Feed