Competition in the U.S. commercial insurance market was checked in March with the composite rate index showing slightly decreased price-cutting after three consecutive months at minus 4%, according to MarketScout data.

Commercial property, inland marine, general liability, umbrella, workers compensation, and professional lines all moderated by 1%.

“One month certainly is not a trend but insurers did moderate their aggressive pricing in March,” noted Richard Kerr, CEO of MarketScout.

By industry classification, manufacturing, contracting, and service all moderated by 1% as compared to the prior month.

Habitational rates were minus 4% in March, compared to minus 6% in February.

Small accounts (up to ,000 premium) were down 3% compared to down 4% the previous month.

Large accounts ($250,000 to $1,000,000) and medium accounts ($25,001 to $250,000) were down 4% compared to down 5% in February. Jumbo accounts were unchanged.

MarketScout summary: