Global Insurance Market Continued Firming in Q3: Marsh Index
05 10월 2012 - 10:00PM
Business Wire
Global insurance prices continued to rise in the third quarter
of 2012, continuing the slow but steady trend that began in the
second half of 2011. According to the Marsh Risk Management Global
Insurance Index, a composite of changes in insurance costs over a
rolling 12-month period, prices across major lines of insurance
increased by 0.9% in the third quarter.
By contrast, rates at renewal on average increased by 1.4% in
the third quarter, the same level of increase at renewal seen in
the second quarter. The figures, published in Marsh’s Global
Insurance Market Quarterly Briefing, suggest that renewal rate
changes, although varying across lines of business, may be
stabilizing.
Andrew Chester, CEO of Bowring Marsh, commented: “While the
global insurance market continues to be in a state of clear
transition, the results for individual insureds vary significantly.
With capacity and appetite for well-managed risk still strong,
insureds are still able to achieve favorable results on renewal in
many lines of business.”
Certain major lines of business saw hardening with financial and
professional insurance rates rising by an average of 1.9% on
renewal as the firming trend begun last year continued. Financial
institutions in every major Eurozone country typically experienced
increases in liability insurance rates as insurers tightened
conditions.
Property insurance rates stabilized as a lack of major losses
from natural catastrophes so far this year kept increases to an
average of 1.2% on renewal. Insureds with clean loss histories were
more likely to experience flat renewals. Barring a significant
natural catastrophe event, this trend is expected to continue, with
flat renewals becoming more common by the end of the year. Casualty
insurance rates globally rose on average by 1.2% on renewal in the
quarter, higher than the 0.8% increase seen last quarter.
Data on the US market showed that for the second quarter in a
row, US companies were more likely to experience rate increases
than decreases in major lines of insurance.
About Marsh
Marsh, a global leader in insurance broking and risk management,
teams with its clients to define, design, and deliver innovative
industry-specific solutions that help them protect their future and
thrive. It has approximately 26,000 colleagues who collaborate to
provide advice and transactional capabilities to clients in over
100 countries. Marsh is a wholly owned subsidiary of Marsh &
McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees
worldwide and annual revenue exceeding $11 billion, Marsh &
McLennan Companies is also the parent company of Guy Carpenter, a
global leader in providing risk and reinsurance intermediary
services; Mercer, a global leader in human resource consulting
and related services; and Oliver Wyman, a global leader in
management consulting. Follow Marsh on Twitter @Marsh_Inc.
Marsh and McLennan Compa... (NYSE:MMC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Marsh and McLennan Compa... (NYSE:MMC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024