UK pricing continues down – Marsh
Insurance rates in the UK fell 3% in the second quarter of 2024, continuing on the downwards trajectory from the previous three months, according to the latest research by Marsh.
UK commercial insurance prices had fallen 2% in Q1.
The latest Global Market Insurance Index revealed UK declines in property, financial & professional lines and cyber while casualty was flat.
The broking giant detailed property rates dropped 2%, reversing an identical uplift in the previous quarter.
With more underwriters considering individual risk profiles, there was increased competition for cases seen by insurers as having high-quality risk management, Marsh noted.
DownturnThe financial and
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