Marsh's quarterly Global Insurance Market Index is a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world's major insurance markets and comprising 90% of Marsh's premium.
Overall, the market remained stable with Q2 price changes within a relatively narrow range across most product lines and geographies. Yet, prices trended up in most regions with Australia averaging the largest increase, while prices decreased slightly in Continental Europe and Asia.
Financial and professional line pricing continued to accelerate, increasing by 3.3% on average, with much of the increase due to directors and officers (D&O) insurance pricing in multiple regions. Casualty prices declined 1.4% on average, continuing a trend of y-o-y declines stretching back to 2013. Australia had the largest pricing increases in the index.