Global commercial insurance prices increased 15 percent in the second quarter of 2021, according to the Marsh Global Insurance Market Index, a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world's major insurance markets and comprising nearly 90 percent of Marsh's premium.
It’s the 15th consecutive quarter of rate increases in the global commercial insurance market. It also marks the third consecutive quarter to show a fall in the average rate of increase and follows year-on-year average increases of 18 percent in the first quarter and 22 percent in the fourth quarter of 2020.