Global commercial insurance prices have started moderating, having seen a 9% increase in the second quarter of 2022 (Q2 2022), down from an 11% increase in the previous quarter (Q1 2022), according to Marsh’s Global Insurance Market Index.
The UK experienced the most dramatic decline in average price increases, with a composite pricing increase of 11% (down from 20% in Q1 2022). Additionally, the US saw a 10% increase in prices (down from 12% in the previous quarter), the Pacific saw a 7% increase (down from 10%), and Latin America and the Caribbean a 5% increase (down from 6%). Meanwhile, Asia and Continental Europe had the same percentage as the previous quarter, with 3% and 6%, respectively.
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