The Acturis Commercial Lines Indices show commercial insurance premiums continue to increase in the first half of 2024, however the rate of increase is slowing down – especially in property classes. Commercial insurance premiums in the second quarter of the year increased 3.1% when compared with the same quarter in 2023. This is down from 4.1% in Q1.
While this is a notable increase in premium, it is the smallest movement in the index since mid-2021, and there are signs that the rate of growth is slowing in each class of business, with the exception of Fleet.
Download the Insurance Age article in PDF here.
Related articles
20th February 2025