Professional indemnity (PI) Professionals are passing on increases in PI rates to clients through higher audit fees
PropertyLittle or no competition in the property market, rendering …
Professional indemnity (PI) Professionals are passing on increases in PI rates to clients through higher audit fees
PropertyLittle or no competition in the property market, rendering it impossible to obtain a competitive price
Employers' liabilityDifficult, if not impossible to buy, particularly for companies with poor claims records
Product liabilityBecoming increasingly complex, with more and more exclusions Bermuda
Only a small number of Bermudian insurance companies have grown large enough to meet the complex needs of big business
Policy wordingDrastically tightened with increasing exclusions such as asbestos, terrorism, electro-magnetic radiation, pollution, product recall and earthquake
InsurersMaking excessive profits in the hard market, with little regard for relationships with policyholders, good risk management or clean claims records
