Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published by insurance broker Marsh.
Marsh said the result continues the moderating rate trend first seen in its index in Q1 2021, which is being driven by intensified competition in commercial property insurance, a moderation of casualty rate increases, st