Casualty, Cyber, Data insight, Financial lines, Non-life, Property

Marsh reports 10% rate decline in Pacific financial lines in Q1

In the first quarter of 2024, commercial insurance rates in the Pacific region fell by 2%, while financial and professional lines declined for the fourth consecutive quarter.

Editorial team

April 24, 2024

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3 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.