The Acturis Commercial Lines Indices show commercial insurance premiums continue to increase in the first half of 2024, however the rate of increase is slowing down – especially in property classes. Commercial insurance premiums in the second quarter of the year increased 3.1% when compared with the same quarter in 2023. This is down from 4.1% in Q1.
While this is a notable increase in premium, it is the smallest movement in the index since mid-2021, and there are signs that the rate of growth is slowing in each class of business, with the exception of Fleet.
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