Insurance rates increased year-on-year by 4.5% in the first quarter of 2023 with property being the key driver according to research from Acturis.
All other classes of business within the Acturis Commercial Broking Index have seen increases in premium. However it is notable that classes with a property component, Commercial Combined and Packages, are outperforming Fleet and Combined Liability which have seen much smaller movements this quarter.
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20th February 2025