Pricing up of average global commercial insurance across lines in Q4

According to the Global Insurance Market Index by Marsh, the average worldwide prices of commercial insurance have been increased 22% during the final quarter of 2020. The index also reported that this was the largest year-on-year increase since the index began tracking the data in 2012.

As per the report of Marsh, while the fourth quarter saw pricing hit a record, the gains were in line with preceding periods, with the third quarter seeing a 20% gain and 19% growth in Q2 2020.