Competition prompts declining rates across most classes in Q2
Insurance rates in most major regions declined modestly in the second quarter of 2013, while rates in the US rose moderately, according to Marsh’s latest Global Insurance Market Quarterly Briefing.
Outside the US, rates typically fell between 1% and 3%, resulting in a decline in the Marsh Risk Management Global Insurance Index for the first time since its inception six quarters ago.
The US was
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