Skip to main content
Marsh logo

Article

Property and Casualty UK Insurance Market Update Q2 2020

Read our latest Property and Casualty UK Insurance Market Update to learn about pricing trends, the impact of COVID-19, and key strategies to mitigate pricing increases.

01/09/2021 · 1 minute read

The UK property and casualty (P&C) insurance market is changing quickly. In the second quarter of 2020, property pricing increased by 16% and casualty pricing increased by 5%.

This is the sixth consecutive quarter of pricing increases. Pricing increases for the previous quarters were typically single-digit, but several headwinds mean that pricing increases may persist and even accelerate in the next 12 months.

COVID-19 has begun to exacerbate underlying market conditions. A marked change in underwriting approach in facultative reinsurance is contributing to a change in the property market. And in the casualty market, more stringent underwriting guidelines have affected terms and conditions.

In order to mitigate premium increases and successfully navigate a changing insurance market, download our latest insight to learn more.

Download PDF

Related insights

A tornado rages over a landscape - storm over a grain field

Article

Watch for potential dangers even after the storm passes

10/07/2023
Mature construction worker inspecting worksite with notebook

Article

Rising build costs bring underinsurance risk

22/02/2023
Pen pointing to an inflation chart

Article

As inflation continues, review your property and business interruption policies

26/09/2022
Pen pointing to an inflation chart

Article

Inflation implications for property and business interruption policies

22/06/2022
View more