Going soft in the SME sector
With property rates in the small to medium-sized enterprise sector continuing to slide, Andrew Tjaardstra investigates how long this can last and if there is enough business to keep insurers happy
The United Kingdom, beyond local areas, has seen few seriously disruptive weather events in the last two years. This fact, combined with increased competition between insurers and a favourable profit return, has contributed to premium rates declining in the small to medium-sized enterprise commercial property sector. How long can this last, and is there enough business to keep the insurers happy?
Sustainable rates?
There are mixed opinions within the industry about how long the current softening
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