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.
The Insurance Age editorial team dig into this week's top stories.Subscribe to our daily newsletter for all the latest news
- NED salaries in the insurance sector revealed
- Construction firm unable to find insurance due to lack of capacity
- Mactavish criticises industry for "knee-jerk reaction" in hardening market
- FSCS agrees Alpha replacement cover deal
- ABI bites back on discount rate
- Brokers must transform to evade threat of AI - report
- FCA reiterates dual pricing concerns