In the United States:

Insurance pricing in the first quarter of 2019 in the U.S. increased by 1.1%.
Large, multi-layered property programs (with gross written premiums greater than $1 million) led the pricing increases, up nearly 7%.
Casualty pricing declined by 1.7% and has decreased in all but one quarter since 2014.

In the United Kingdom:

Overall insurance pricing in the first quarter of 2019 in the U.K. increased by 2.9%, the sixth consecutive quarterly increase.
Casualty pricing in the U.K. declined 2.7% overall, the fifth consecutive quarter of decline.

In continental Europe:

Insurance pricing in the first quarter of 2019 in continental Europe increased by 2.0%, the region's second consecutive quarter of price increases.
Financial and professional coverage pricing increased 1.7%, the first back-to-back quarterly increases in five years.
Casualty pricing declined 0.9% and has fallen in 22 of the last 24 quarters.

In Latin America:

Overall insurance pricing in the first quarter in Latin America and the Caribbean region increased by 1.5%.
Casualty prices increased by 3.6% and have increased every quarter for almost three years. This is primarily a result of motor/auto pricing that continues to be affected by claims frequency and severity, and by currency devaluations.

In the Pacific region:

Overall insurance pricing in the first quarter of 2019 in the Pacific region increased by 16%.
Casualty lines composite pricing increased by 5.7%.
The financial and professional liability market continued to be difficult for listed company D&O risks. The number of class action claims increased again in 2018 and continued to affect pricing.

In Asia:

Insurance pricing in the first quarter of 2019 increased by 0.4%, marking the seventh consecutive quarter of relatively minor pricing movements.
Casualty pricing declined 0.4%, continuing a trend toward stable pricing following several years of moderate decreases.
Financial and professional liability pricing was influenced by the deteriorating global market and carriers' efforts to achieve pricing adequacy while reducing capacity.

The Marsh Global Insurance Market Index is a proprietary measure of commercial insurance premium pricing change at renewal. The pricing change captures year-over-year pricing movement, which is measured quarterly. A full report can be found on the company's website.

Special Reports /

Global commercial insurance prices rise during first quarter of 2019

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