Primary rate declines moderated in 2016: Marsh

Global insurance rate declines slowed throughout 2016 as the
market demonstrated early signs of capacity withdrawal and combined
ratios rose, according to Marsh.
In its Global Insurance Market Index report released today, the
broker said average rates fell by 3.1 percent in the fourth quarter
of 2016 compared with a decline of 3.8 percent in the first three
months of the year.
The four straight quarters of moderating declines marked the
first whole year of slowing rate cuts since Marsh...