Global and European insurance rates fall again
Friday, 08 19 2016, Category: Insurance and Reinsurance, Country: World
Global commercial insurance rates continue to fall but the rate of decline is slowing, according to new figures from Marsh. This trend is reflected in continental Europe and UK markets.
According to Marsh's Global Insurance Market Index, global insurance rates fell by 3.6% in the second quarter of this year. This follows a decrease of 3.8% in Q1.
While the average cost of insurance has fallen for the thirteenth quarter in a row, the rate of decline has slowed during the first six months of 2016.
Source: Commercial Risk Europe