Property/casualty rates likely to rise 10% for catastrophe-hit regions

Posted On: Mar. 19, 2019 6:54 AM CST

U.K.-based Willis Towers Watson P.L.C. said that property/casualty insurance rates are expected to rise up to 10% while construction risks rates are expected to rise 15% in Asia at the upcoming April renewals, Artemis.bm reports. The insurance broker said that the rates are more likely to rise in catastrophe-hit regions such as Japan.