The international insurance market index, prepared by "Marsh", indicated that insurance companies are raising prices for insurance across the globe. According to this company, in the second quarter of 2021, insurance prices increased by 20%.
This is already the third consecutive quarter in which insurance prices are rising. The maximum increases were observed in the insurance sector for liability and real estate, where price increases amounted to 35% and 30% respectively.
The vice president of "Marsh" stated that this trend indicates that insurance companies are still facing negative consequences of the COVID-19 pandemic. He also added that an increase in insurance prices is expected to continue in the future, as insurance companies are striving to cope with rising costs.
