Brokers still rule in corporate lines
UK corporate lines have been flooded by capacity as well-capitalised insurers pile in. But corporate buyers are crying out for good-quality advice, even as the downward pressure on price continues.
Complex global supply chains and incoming regulation in areas like energy efficiency are two trends driving a demand for specialist advice. Knowledgeable brokers and underwriters can differentiate if they know their market.
Business interruption has also emerged as a growing area, reflecting the unstable trading conditions seen in the UK.
This edition of the Knowledge uncovers the reasons why corporate lines are so oversupplied, and hears how some players are trying to stand out from the crowd.