Global commercial insurance rates fell by 2% in Q4 2024, following a 1% drop in Q3, marking a significant shift after seven years of increases. Key regions like the UK and Pacific saw notable reductions, while U.S. rates remained unchanged. Despite a rise in casualty insurance rates by 4%, the overall trend offers positive news for clients facing lowering property, financial, and cyber insurance premiums amid heightened market competition. Source and details of the news