Is it time to ignore the prophets of rate doom?
This month's Power Hour panellists discuss the implications of talking down rates and ask if it is a necessary aspect of good business practice to prepare for the worst, or actually an overly negative action that hits profits and becomes a self-fulfiling prophecy?
Talking rates down - a necessary aspect of preparing for the worst or self-fulfiling prophecy?
Kevin: The point I always make about talking rates up is that all of us on the insurance side have the choice whether to write a risk or not.
So if rates are reducing it's because that's what we want to do and it is within our control. Every time a broker comes to us with a quotation enquiry we have the choice whether we meet what that broker is asking for or not.
John: One of the things related to this
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