Commercial property rate increases have fallen dramatically this renewal period, down from rises of more than 50% last year.

Royal & SunAlliance technical underwriting director Colin Short said tha ...

Commercial property rate increases have fallen dramatically this renewal period, down from rises of more than 50% last year.

Royal & SunAlliance technical underwriting director Colin Short said that commercial property rates would increase by an average of just 10%-15% this year.

"I wouldn't say they're going down, but it's a long way from the 50% increases of last year," Short said.

He said a shortage of capacity for commercial property, increasing claims and several years of delayed rate rises combined to send rates up by more than 50%.

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