Commercial property rate increases have fallen dramatically this renewal period, down from rises of more than 50% last year.
Royal & SunAlliance technical underwriting director Colin Short said tha ...
Commercial property rate increases have fallen dramatically this renewal period, down from rises of more than 50% last year.
Royal & SunAlliance technical underwriting director Colin Short said that commercial property rates would increase by an average of just 10%-15% this year.
"I wouldn't say they're going down, but it's a long way from the 50% increases of last year," Short said.
He said a shortage of capacity for commercial property, increasing claims and several years of delayed rate rises combined to send rates up by more than 50%.
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.
