A survey by Willis Index has revealed a buoyant professional indemnity ....

A survey by Willis Index has revealed a buoyant professional indemnity (PI) sector, turning its back on a shaky year.

The survey said 80% of professional indemnity insurers surveyed reported a ‘favourable' perception of the last and next three months.

Rates have also started to fall, with some markets disclosing a rate reduction of 15% in 2005, Willis reported.

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