News
AVIVA EXAMINES RISKS TO UK BUSINESSES IN NEW REPORT
"Aviva has published the second edition of its annual look into the biggest risks facing businesses in the UK, and public health events no longer holds the top spot...according to the 43-page 2021 Aviva Risk Insights Report.”
Read the full Insurance Business UK article on “major risks that business leaders believe they are particularly exposed to."
(Insurance Business UK - November 2021)
LONDON PROFESSIONAL INDEMNITY MARKET EXPECTED TO THRIVE OVER THE NEXT YEAR
“Recession, cyber threats and regulatory intervention are insurance professionals’ biggest concerns.
Despite 94% of insurers planning to write the same or more business in the professional indemnity (PI) market over the next 12 months, recession, cyber threats from remote working and continued regulatory oversight are top of the insurance industry’s list of concerns for this sector, according to global law firm Clyde and Co’s latest market report.”
(Insurance Times - July 2021)
SOARING PROFESSIONAL INDEMNITY INSURANCE PRICING AND LOW TRUST CREATES ‘PERFECT STORM’
“An expert panel at Biba’s conference last month discusses the current state of the professional indemnity insurance market
Biba 2021: The professional indemnity (PI) insurance market was already incredibly challenging, but soaring prices and trust in the sector being at an all-time low following the FCA business interruption (BI) test case has created a “perfect storm”, said an expert industry panel.”
(Insurance Times - June 2021)