{"id":14967,"date":"2019-05-17T12:14:20","date_gmt":"2019-05-17T16:14:20","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=57316"},"modified":"2019-05-17T12:14:20","modified_gmt":"2019-05-17T16:14:20","slug":"global-commercial-insurance-prices-up-3-in-q1-2019","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/05\/17\/global-commercial-insurance-prices-up-3-in-q1-2019\/","title":{"rendered":"Global Commercial Insurance Prices Up 3% In Q1 2019"},"content":{"rendered":"<br \/>\n<h3>Sixth consecutive quarter of price increases: Marsh Global Insurance Market Index<\/h3>\n<p>New York, NY (May 16, 2019) \u2013 Marsh has released its Global Insurance Market Index for the first quarter of 2019.<\/p>\n<p>Key findings include:<\/p>\n<ul>\n<li>Average commercial insurance prices increased 3% in Q1 2019, the largest increase since the survey began in 2012.<\/li>\n<li>Q1 2019 represents the sixth consecutive quarter of average commercial insurance pricing increases.<\/li>\n<li>Composite pricing in Q1 increased in all global regions for the second consecutive quarter, driven by rate change in property and directors and officers (D&amp;O) coverages.<\/li>\n<li>Regionally, Pacific had the largest price increases in the index (&gt;10%), a trend that has continued for eight quarters. The UK and Continental Europe both reported average price increases of 2% or higher.<\/li>\n<li>Globally, pricing for property risks increased by almost 5% on average, slightly above the rates recorded in the previous four quarters. Casualty prices declined nearly 1% on average, continuing a trend started in 2013.<\/li>\n<li>Average pricing in financial and professional lines increased by almost 6%. All global regions experienced a rise, primarily driven by increases in D&amp;O insurance.<\/li>\n<\/ul>\n<p>Commenting on the findings, Dean Klisura, President, Global Placement at Marsh, said: \u201cWhile 3% is the largest average increase in insurance pricing we have seen since the index began in 2012, market capacity remains strong in most products and geographies.\u201d<\/p>\n<p>Access the <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.marsh.com\/uk\/insights\/research\/commercial-insurance-pricing-increased-in-first-quarter-2019.html\">full report<\/a> from Marsh.<\/p>\n<p class=\"smallhead\"><b>About Marsh<\/b><\/p>\n<p><a href=\"https:\/\/www.marsh.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Marsh<\/a> is the world\u2019s leading insurance broker and risk adviser. With more than 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of <a href=\"https:\/\/www.mmc.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Marsh &amp; McLennan Companies<\/a> <em>(NYSE: MMC)<\/em>, the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of more than US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: <a href=\"https:\/\/www.marsh.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Marsh<\/a>, <a href=\"https:\/\/www.guycarp.com\/content\/guycarp\/en\/home.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Guy Carpenter<\/a>, <a href=\"https:\/\/www.mercer.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Mercer<\/a>, and <a href=\"https:\/\/www.oliverwyman.com\/index.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Oliver Wyman<\/a>.<\/p>\n<p class=\"referencetext\"><i>Source: Marsh<\/i><\/p>\n<p> Tags: <a href=\"https:\/\/www.insurance-canada.ca\/tag\/marsh\/\" rel=\"tag\">Marsh<\/a> <a href=\"https:\/\/www.insurance-canada.ca\/2019\/05\/17\/marsh-global-insurance-market-index\/\">Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixth consecutive quarter of price increases: Marsh Global Insurance Market Index New York, NY (May 16, 2019) \u2013 Marsh has released its Global Insurance Market Index for the first quarter of 2019. Key findings&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/14967"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=14967"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/14967\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=14967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=14967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=14967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}