The London market can withstand the effects of a soft market, says International Underwriting Association chief Marie Rossi.
Rossi said the industry had learnt from its experiences to improve underwriting disciplines and continue developing market systems softening the blows that the market can deliver.
She told the General Insurance Research Organisation conference: “There will always be catastrophes affecting the market and it would be impossible to eliminate complete fluctuations in premium prices through the cycle of hard and soft markets.”
