Feeling the squeeze as commercial continues to climb
The Acturis Commercial Broking Index shows the cost of commercial insurance continues to rise. In Q3 2022 premiums were 4.7% larger than in the same period the prior year, the largest such movement in the index since its inception in 2010. This continues recent trends of commercial insurance premiums rising with inflation in the wider economy, but brokers will be acutely aware that this level of growth is significantly less than RPI.
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