Broker CEO Forum: ‘Unique hard market’ shows ‘fun and games’ in commercial lines

hard market (2)

Although commercial rates are starting to ease, areas that are particularly affected by claims – such as cyber – could still see ‘strong increases’, noted delegates

Insurance analysts believe the UK insurance industry has been experiencing a “unique hard market” in recent years, which has led to “fun and games” in commercial lines – for example a 20 percentage point year-on-year increase in professional indemnity insurance.

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