Marsh McLennan CEO: Economics, Geopolitics Drive Up Price of Risk

Geopolitical risks driving insurance pricing

Marsh McLennan sees strong growth opportunities amid a year of economic and geopolitical uncertainty that is raising the price of risk, according to its chief executive officer. The geopolitical environment remains unsettled, with multiple major wars and rising tensions politically, said President and CEO John Q. Doyle in a conference call. As more than half… Continue reading Marsh McLennan CEO: Economics, Geopolitics Drive Up Price of Risk

Insurance Prices Continue to Stabilize as Cyber Market Records Second Quarterly Decrease Since H2 2018

premium increases down or flat

Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.