NU Online News Service, Sept. 30, 1:14 p.m. EDT
Catastrophe-exposed risks showed the greatest premium rate increases across the world for the third quarter, coming in at approximately 10 percent, but otherwise insurance rates have remained stable, according to a report from insurance broker Marsh.
"Across lines of business, insurers priced risks competitively and retained a healthy appetite for new business," says Dean Klisura, Marsh's U.S. risk practice leader. "Although rates remained relatively stable, reductions were common in many lines. The size of global insurance market capacity remains very strong, but is more challenged in loss-affected regions."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
