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Global Insurance Market Update

Continental Europe pricing Q3 2023

Insurance pricing in the third quarter in Europe increased 4%, compared to 5% in the prior quarter.
Panarama of the mountains, snow and blue glacial ice of the Smeerenburg glacier, Svalbard, and archipelago between mainland Norway and the North Pole. An inflatable boat is anchored in the foreground.

29/10/2023

Cyber insurance pricing continues to stabilise; casualty rises. Price movement generally stable across coverage lines

Insurance pricing in the third quarter in Europe increased 4%, compared to 5% in the prior quarter.

Europe Insurance Pricing in Q3 2023

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Constant bar chart represents global insurance composite pricing change.

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Global Insurance Market Index

The Global Insurance Market Index is our proprietary measure of global commercial insurance rate change at renewal — providing insights on the world's major insurance markets.
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Global Insurance Market Index

Latin America pricing

Insurance pricing in the third quarter in the Latin America and Caribbean (LAC) region increased 10%, compared to 8% in the prior quarter.
January 10, 2019. Sydney, Australia. Landscape aerial view of Sydney Opera house near Sydney business center around the harbour.

Global Insurance Market Index

Pacific pricing

30/10/2023

Insurance pricing in the Pacific region increased 1% in the third quarter, compared to 2% in the prior quarter.
Skyline of London over Tower Bridge on the Thames

Global Insurance Market Index

UK pricing

Insurance pricing in the UK declined 1% in the quarter, compared to a 1% increase in the prior quarter.
Panorama of Chicago

Global Insurance Market Index

US Pricing

Insurance pricing in the third quarter of 2023 in the US increased by 4%, the same as in the prior two quarters.

beautiful nanpu bridge at dusk,crosses huangpu river,shanghai,China

Global Insurance Market Index

Asia pricing

Insurance pricing in the third quarter in Asia was flat, the same as in the prior quarter.
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Canada pricing

Insurance pricing in Canada declined 1% in the third quarter, the first quarter showing a year-over-year decline since the third quarter of 2017.

Skyscrapers in Abu Dhabi, United Arab Emirates.

IMEA pricing

Pricing in the third quarter increased 3% in IMEA, where insurance rates for large and complex accounts are often driven or influenced by the reinsurance market.