Motor rates across the region remained generally stable in the first half of 2010 after several years in decline. While most countries’ motor insurers are still competitive, this capacity has been counteracted by a significant volume of claims in the last 12 to 18 months, leading to an unprofitable portfolio and insurers being forced to stabilise their rates. Many Marsh offices cited fleet as a particularly difficult line of business to place due to high loss ratios and lack of appetite for these risks from local insurers. Inflation in countries with developing economies has caused higher cost of repairs and an increase in rates as the market matures.

Updated as of 27/07/2010.