EMEA Insurance Market Report 2012
Marsh is pleased to share with you our EMEA Insurance Market Report 2012.
2011 was one of the most costly on record, with insured catastrophe losses of more than US$100 billion. Insurance rates continued their upward trajectory for natural catastrophe and supply chain perils, but relatively benevolent market conditions still prevailed in the fourth quarter of 2011 across EMEA. Rate reductions were still achievable for those clients with attractive risks and a good loss history. The previously fierce competition among carriers for the more lucrative books of business has eased and excess capacity is less bountiful.
We anticipate little movement in the EMEA insurance market in the first half of 2012. However, Solvency II -- scheduled to be implemented in 2013 -- and the continuation of the euro crisis may influence the market to harden.
Your Marsh client executive and other members of the client service team welcome the opportunity to discuss with you the Report's insights and their specific implications for your organisation in greater depth. As is the case with all we do, the report is part of our commitment to helping your business thrive.
Read the EMEA Insurance Market Report 2012 [PDF, 3.2MB]