Global insurance market index Q2 2023 : overall pricing continues to moderate; property coverage challenging

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      <subfield code="a">Global insurance market index  Q2 2023</subfield>
      <subfield code="b">: overall pricing continues to moderate; property coverage challenging</subfield>
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      <subfield code="a">The Global Insurance Market Index is our proprietary measure of global commercial insurance premium pricing change at renewal, providing insights on the world's major insurance markets</subfield>
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      <subfield code="a">Global commercial insurance pricing rose 3% in the second quarter of 2023, compared to 4% in the prior quarter, according to the Marsh Global Insurance Market Index. 
This was the twenty-third consecutive quarter in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012. Increases peaked at 22% in the fourth quarter of 2020.Composite pricing was relatively consistent across regions, driven largely by rate decreases for financial and professional lines and either decreases or moderating increases for cyber insurance.</subfield>
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