The negative view to take is that globally, insurance rates continued to decline throughout 2016, making Q4 the 15th consecutive quarter of rate reductions across the industry. The (slightly) more positive stance is that the average rate reduction moderated every quarter in 2016, the first time since Marsh initiated its Index in 2012. This supports our view that we are getting closer to a floor in pricing as the pain will start to intensify in 2017, especially if loss activity ticks up again.
27 Feb 2017
Global Insurance rates – glass half empty?
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Global Insurance rates – glass half empty?
B.P. Marsh & Partners PLC (BPM:LON) | 496 0 0.0% | Mkt Cap: 184.7m
- Published:
27 Feb 2017 -
Author:
Joanna Parsons -
Pages:
3
The negative view to take is that globally, insurance rates continued to decline throughout 2016, making Q4 the 15th consecutive quarter of rate reductions across the industry. The (slightly) more positive stance is that the average rate reduction moderated every quarter in 2016, the first time since Marsh initiated its Index in 2012. This supports our view that we are getting closer to a floor in pricing as the pain will start to intensify in 2017, especially if loss activity ticks up again.