Continuing an 18-month trend, global insurance rates continued to firm in the first quarter of 2013, according to Marsh’s “Global Insurance Market Quarterly Briefing.” In the United States, most major insurance lines saw rate increases of 2 percent to 4 percent. Outside the United States, rates overall decreased by an average of approximately 1 percent.
“While rates continue to rise, insurers have a healthy appetite for business and this is making conditions progressively more favorable for insurance buyers,” said Dean Klisura, Marsh’s U.S. risk practices and specialties leader. “Underlying this trend are both strong capacity and increased interest from many global insurers.”
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