The stats: March 2020 - The Acturis Premium Index
As 2019 closed, the Acturis commercial broking index equalled its base line of Q1 2010, representing a quarter of heavy increases in premiums over the year before
The increases are particularly dramatic in commercial combined and combined liability – both lines posted their fourth consecutive quarters of upwards annual movement in Q4 2019.
In commercial combined, the last quarter of 2019 brought an increase of 5.4%.
Paul Beck, managing director at Direct Insurance Corporate Risks, believed that the impact of the new Ogden rate was making itself felt in the liability portions of commercial combined.
In July 2019, the Ogden rate was adjusted from -0.75%
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