Many clients across the EMEA region were able to achieve rate reductions for property risks over the first half of 2010 with most countries reporting excess capacity in the local market. There are still new carriers entering some local markets bringing additional capacity and intense competition for new business, allowing some clients to secure much needed premium rate reductions in the ongoing economic downturn. The excess capacity in the market means the downward trend is likely to continue for the foreseeable future and many clients across the region will still be able to secure discounted premiums upon renewal of their property risks.

Updated as of 27/07/2010.