Asia insurance pricing falls 2% in first quarter

Insurance broker Marsh LLC said that composite insurance pricing in Asia fell 2% in the first quarter of this year, after being flat for the three prior quarters, Asia Insurance Review reported. Property insurance rates decreased by 1%, while casualty and cyber insurance rates declined by 1% and 3%, respectively. Property insurance rates declined in a number of countries and industries, except those in catastrophe exposed geographies and in select industries, such as technology, with significant business interruption exposure.