Global commercial insurance prices rose by 8 percent in the third quarter of 2019. All three major product lines — property, casualty, and financial and professional — showed increases, with the third quarter of 2019 marking the eighth straight quarter of increases in the Marsh Global Insurance Market Index since its inception in 2012, according to Dean M. Klisura, President, Global Placement for Guy Carpenter affiliate, Marsh.
Although global pricing has now increased every quarter for two years, market capacity remains stable in most products and geographies. The highest average levels of increase were observed in property insurance, which was up 10 percent globally, and financial and professional liability coverages, which increased by 14 percent. Casualty lines globally increased 1 percent on average. All regions have now demonstrated four consecutive quarters of composite pricing increases.