Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
Marsh’s report, 'Competition Nets Rewards, EMEA Insurance Market January-June 2010', found that many organisations were able to secure rate reductions for their property and casualty insurance despite insurers striving for rate increases, particularly on renewals.
Across EMEA during the first half of 2010, compared to July-December 2009, Marsh found:
• Professional indemnity: rate reductions of up to 20-30%, compared to minus 10-20%.
• Directors’ and officers’ liability: rate reductions up to 10
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