Worldwide commercial insurance rates rise 19 percent in Q2 2020

Commercial insurance rates - hand - statistics

The COVID-19 coronavirus pandemic crisis and other sizeable losses played a role, says Marsh research. Worldwide average commercial insurance rates rose by 19 percent during this year’s second quarter, says the Global Insurance Market Index issued by Marsh. The broker and risk adviser recorded the largest premiums hike since the index began in 2012. The commercial insurance rates increase follows other substantial year over year average increases. In Q1 2020, there was a 14 percent rise, and in Q4 2019, there was an 11 percent rise. As was the case…

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