Market forecasts premium plunge
UK companies renewing insurance in Q2 could be paying equal or less premium with just 50% of underwr...
UK companies renewing insurance in Q2 could be paying equal or less premium with just 50% of underwriters predicting an increase in property rates, according to the Aon's Market Pulse. This is a dramatic decrease from Q1 when 89% of insurers expected premiums to rise for this core cover. Underwriters' views have changed in the continued economic downturn but a drive for profits could tip the balance at any point, according to the report.
Aon's Market Pulse also showed that only 40% of casualty
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