Insurance pricing in Asia up 0.4% in Q4

This represents the first increase in composite price in four years.

Insurance pricing in Asia edged up by 0.4% YoY in Q4 2018 to represent the first increase in composite prices since 2014, according to a report from insurance broker and risk adviser Marsh. 

In a breakdown, property pricing in Asia rose 0.7% whilst casualty pricing continued on its downward trend after falling 0.5%. The latter has been on a protracted decline since late 2017.

Financial and professional liability pricing rose in the region, with the composite up 0.4%.

On a global basis, commercial insurance pricing rose for the fifth consecutive quarter in Q4. In a regional breakdown, the Pacific region saw the largest price increases at 16% in Q4.