Global commercial insurance pricing increased for the tenth consecutive quarter in the first quarter of 2020, according to Marsh’s quarterly Global Insurance Market Index Q1 20201 – and echoed by all other major global insurance brokers.
The increase of a global average of 14% – with minimal COVID-19 impact at this point in time – is the highest since introduction of the index in 2012, with spikes in the Pacific (23%) and the UK (21%).
There are multiple reasons for this development and most of them will
not go away any time soon. Read our report to discover more.