Dean M. Klisura, President, Global Placement for Marsh
Global commercial insurance prices rose by 6 percent in the second quarter of 2019, nearly double the increase that the first quarter had. This increase represents the largest increase in the Marsh Global Insurance Market Index since its inception in 2012. For the third consecutive quarter, composite pricing increased in all geographic regions and across most major product lines.
The highest average levels of increase were observed in property insurance, which was up 8% globally, and financial and professional liability lines, which increased nearly 10%. Casualty lines globally increased 1%, on average. In general, large accounts experienced greater pricing increases, particularly for property and directors and officers (D&O).
