{"id":16292,"date":"2019-08-07T14:00:57","date_gmt":"2019-08-07T18:00:57","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=59925"},"modified":"2019-08-07T14:00:57","modified_gmt":"2019-08-07T18:00:57","slug":"global-commercial-insurance-pricing-up-6-in-second-quarter","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/08\/07\/global-commercial-insurance-pricing-up-6-in-second-quarter\/","title":{"rendered":"Global Commercial Insurance Pricing up 6% in Second Quarter"},"content":{"rendered":"\n<p>New York, NY (Aug. 7, 2019) \u2013 Marsh has released its <i>Global Insurance Market Index <\/i>for the second quarter of 2019. Key findings include:<\/p>\n<ul>\n<li>Average commercial insurance pricing increased nearly 6% in second quarter 2019, the largest increase since the survey began in 2012, and the seventh consecutive quarter of average pricing increases.<\/li>\n<li>Globally, on average, pricing for property risks increased 8%; financial and professional lines rose almost 10%; and casualty increased nearly 1%. In general, pricing increases were more pronounced in large accounts, particularly in property and D&amp;O.<\/li>\n<li>Composite pricing in the second quarter increased in all geographic regions for the third consecutive quarter, largely driven by rates in property and directors and officers (D&amp;O) coverages.<\/li>\n<li>The Pacific region had the largest composite pricing increase in the index (18%), a quarterly trend that has continued for two years. Pacific composite pricing was driven by increases in D&amp;O rates (many organizations experienced high double-digit increases), as well as increases in both CAT and non-CAT property.<\/li>\n<li>The US, UK and Asia all reported average pricing increases of 3% or higher.<\/li>\n<\/ul>\n<p>Commenting on the findings, Dean Klisura, President, Global Placement at Marsh, said: \u201cGlobal insurance pricing increased 6% in Q2 2019, double the rate observed in Q1. Although global pricing has now increased every quarter for nearly two years, market capacity remains stable in most products and geographies.\u201d<b><\/b><\/p>\n<p>Access the full report: <i><a href=\"https:\/\/www.marsh.com\/us\/insights\/research\/global-insurance-market-index-second-quarter-2019.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Global Insurance Market Index, 2019 Q2<\/strong><\/a><\/i>.<\/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\/commercial-lines\/\" rel=\"tag\">commercial lines<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/insurance-pricing\/\" rel=\"tag\">insurance pricing<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/marsh\/\" rel=\"tag\">Marsh<\/a> <a href=\"https:\/\/www.insurance-canada.ca\/2019\/08\/07\/marsh-global-commercial-insurance-market-index-second-quarter\/\">Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY (Aug. 7, 2019) \u2013 Marsh has released its Global Insurance Market Index for the second quarter of 2019. Key findings include: Average commercial insurance pricing increased nearly 6% in second quarter&#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\/16292"}],"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=16292"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16292\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}