Rate Decline Continues in Canadian Commercial Lines
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Rate decline continues in Canadian commercial lines
iStock.com/Trifonenko Softening in the Canadian commercial insurance market continues, with commercial rates falling 4% on average in the second quarter of 2025 compared to the previous year, according to Marsh McLennan’s latest Global Insurance Market Index. This is the sixth consecutive quarterly decrease in Canada and follows a 3% decline in 2025 Q1, Marsh said in a Thursday press release. “Increasing insurer competition, including from new e…
Heightened Competition Drives Down Global Insurance Rates - InsideBusiness - Business News in Nigeria
Global commercial insurance pricing dropped by an average of 4 per cent in the second quarter of 2025 on heightened competition among insurers, according to the latest Global Insurance Market Index from Marsh, an insurance broker and risk advisor and a business of Marsh McLennan. Reinsurance News reports this marks the fourth consecutive quarter of average rate reductions, reflecting an ongoing softening of the market that began in early 2021, f…
For the fourth time in a row, international premiums in industrial insurance have fallen. In the second quarter of this year, even stronger than before. The negative trend is going beyond almost all sectors and regions and will continue, according to the wholesale broker Marsh. Only in civil liability insurance, companies can look forward to slightly rising premiums. Premiums in industrial insurance have been falling for one year © [...]
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