{"id":1204,"date":"2025-04-24T09:30:50","date_gmt":"2025-04-24T09:30:50","guid":{"rendered":"https:\/\/esportslegendary.com\/?p=1204"},"modified":"2025-04-24T13:07:46","modified_gmt":"2025-04-24T13:07:46","slug":"global-commercial-insurance-rates-fell-3-in-q125-marsh","status":"publish","type":"post","link":"https:\/\/esportslegendary.com\/index.php\/2025\/04\/24\/global-commercial-insurance-rates-fell-3-in-q125-marsh\/","title":{"rendered":"Global commercial insurance rates fell 3% in Q1\u201925: Marsh"},"content":{"rendered":"

Global commercial insurance rates fell 3% in the first quarter of 2025, following a 2% decline in Q4\u201924, marking the third consecutive quarterly decrease after seven years of rising rates, according to Marsh\u2019s Global Insurance Market Index.<\/p>\n

\"marsh-logo-new\"Marsh noted that this continues the moderating trend first seen in Q1\u201921, driven by heightened competition in the global insurance market due to increased capacity from both existing providers and new entrants.<\/p>\n

For example, in property, financial and professional, and cyber lines, insurers are actively pursuing new business and expanding their offerings.<\/p>\n

Marsh added that the breadth of the declines is a positive for clients, with many using the increasingly competitive environment to negotiate better terms, enhance coverage, and explore alternative risk transfer solutions such as self-insurance and captives.<\/p>\n

All global regions experienced year-over-year composite rate decreases in Q1, with the UK and Pacific regions seeing the largest declines, at 6% and 8% respectively. Rates fell by 4% in India, the Middle East, and Africa (IMEA); 3% in Asia and Canada; 2% in Latin America and the Caribbean (LAC); and 1% in both the US and Europe.<\/p>\n

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Property rates dropped 6% globally, following a 3% decrease in Q4\u201924. The US and Pacific regions saw the largest declines, at 9%, followed by a 6% decrease in the UK, while all other regions recorded low single-digit decreases. The global property market is benefiting from increased capacity, supported by insurers\u2019 improved financial performance and lower reinsurance costs.<\/p>\n

Casualty rates rose 4% globally in Q1, led by an 8% increase in the US. This was largely driven by the frequency and severity of claims, many involving large jury awards. Insurer capacity for US casualty remained constrained in Q1. Other global regions either had low single digit increases or decreases.<\/p>\n

Financial and professional lines rates decreased 6% globally, matching the previous quarter, with declines recorded across all regions amid robust competition and available capacity.<\/p>\n

Cyber insurance rates also fell 6%, with decreases in every region. Insureds are increasingly adopting proactive risk management strategies and using premium savings to enhance coverage, reduce retentions, and increase limits.<\/p>\n

John Donnelly, President, Global Placement, Marsh, said, \u201cDriven by increased insurer competition and favourable reinsurance pricing, global commercial insurance trends continued to improve for our clients, on average, in the first quarter of 2025, with the exception of US casualty. We expect the overall trend to continue, and for insurer competition to intensify, barring unforeseen changes in conditions. We are committed to helping clients manage costs, protect their balance sheets, and successfully navigate and benefit from the continued improvement in market conditions.\u201d<\/p>\n

The post Global commercial insurance rates fell 3% in Q1\u201925: Marsh<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global commercial insurance rates fell 3% in the first quarter of 2025, following a 2% decline in Q4\u201924, marking the third consecutive quarterly decrease after seven years of rising rates, according to Marsh\u2019s Global Insurance Market Index. Marsh noted that this continues the moderating trend first seen in Q1\u201921, driven by heightened competition in the…<\/p>\n","protected":false},"author":1,"featured_media":1206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/comments?post=1204"}],"version-history":[{"count":3,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1204\/revisions"}],"predecessor-version":[{"id":1208,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1204\/revisions\/1208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media\/1206"}],"wp:attachment":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media?parent=1204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/categories?post=1204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/tags?post=1204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}