The stats: Q3 hit by rocketing property owners and fleet rates
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
Figures for the third quarter of 2023 from the Acturis Commercial Broking Index reveal that the cost of business cover is 5.8% more than when compared to the same quarter of 2022, with increases driven by hikes in property owners and fleet insurance.
The Acturis Commercial Broking Index looks at the average premium in commercial combined, combined liability, fleet, property owners and packages.
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