UK insurance coverage charges fell 5% within the third quarter, the quickest fee of decline for the reason that drop began initially of 2024, in line with analysis by Marsh.
After ending 2023 flat, business insurance coverage charges slipped by 2% within the first quarter of this 12 months and by 3% in Q2.
Marsh’s International Insurance coverage Market Index listed pricing reductions in property, monetary {and professional} strains, and cyber with solely casualty bucking the pattern however solely on account of motor legal responsibility.
Property insurance coverage charges decreased 4% within the interval, double the determine from Q2. Nevertheless, the dealer flagged that flooding in Europe and the hurricane season in North America had been being watched
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