Cost of commercial cover continues to climb in Q1 2022.
The behaviour of the Acturis Commercial Lines Indices in the second half of 2021 has continued into 2022. The value of the Acturis Commercial Broking Index has increased 4.6% in the first quarter of 2022 when compared with the same quarter in 2021. All classes of business contained within the index have driven this increase, with the sole exception of Fleet premiums which have remained flat. Continued inflationary pressure across the economy will certainly be a large contributing factor.
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