Five of the seven classes of business covered by the figures show that average premiums declined.
Combined liability and property owners were the biggest fallers, while only commercial vehicle and tradesman increased.
The commercial broking index which measures premiums across key lines in a typical broker’s book of business (see above) was down 2.8% compared to the same time last year.
The figures emphasise the consistent theme of a squeeze and competition across the market.
- Three insurance firms on FSCS insolvency list
- Aston Lark confirms Goldman Sachs investment deal
- Blanc expects Goldman Sachs to invest in Aston Lark for 'at least five years'
- Aspen Risk Management to be placed in runoff
- Esure hires former Aviva UKGI boss David McMillan as CEO
- Aston Lark on cusp of £320m Goldman Sachs investment
- Aviva continues to top Brokerbility members survey