Key industry players make their predictions

In this week's issue of Insurance Times (out Thursday), we asked leading industry figures for their top three predictions for 2011.

See below for a preview of some of their predictions:

Cooper Gay Swett & Crawford chief executive Toby Esser:

  • There will be no great push for price increases
  • We’ll see increasing consolidation of business in broking and underwriting
  • Solvency II won’t impact the market in 2011

Bluefin chief executive Stuart Reid:

  • Heightened regulation is coming your way – be prepared
  • No one really knows what is going to happen to rates. All we do know is that we don’t know
  • Re-engineering your business for these testing times is an imperative. Stand still and you fail

AXA claims director David Williams

  • Employers’ liability trigger case to be appealed
  • More credit hire firms will fall by the wayside
  • The government will consider a more balanced approach when reviewing the discount rate for personal injury damages

Biba chief executive Eric Galbraith:

  • Insurers will campaign for fairer regulation
  • There will be a review of the FSCS and greater recognition of the insurance sector
  • We will see incoming reforms from Lord Jackson and the Law Commission

Online subscribers can read the full story now by clicking here.

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