Underwriter opinions are divided about how premiums in the financial institutions market will move in 2007, according to a Willis Financial Institutions (FI) Index report.
Fifty-five per cent of respondents surveyed by the index predicted a reduction in rates and 45% predicted flat renewals.
Insurers surveyed by Willis agreed that eventually there must be a point where the market bottoms out, but they say that they cannot be sure that this point has been reached yet.
Overall the results suggest that most insureds should be able to benefit from some form of discount in 2007.
The Willis FI Index asks non-US insurance companies for their views on the underwriting market over the past three and for the next three months.
