Norwich Union (NU) said it has written to its brokers urging them to back the industry's drive to call a halt to the boom-bust volatility of the underwriting cycle.
NU underwriting and pricing director John Seaton said: "Breaking the pattern of constantly fluctuating premiums is in everyone's best interest – intermediaries and their clients, as well as insurers.”
He urged brokers to support an initiative to bring around greater stability within the market.
“Chasing the lowest premiums for clients may well gain brokers short-term popularity but unsustainable prices will inevitably lead to over-inflated hikes in the future," he said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
