A supplier chain reaction
If the insurance industry collectively addressed the problems facing the commercial insurance sector, the benefits would filter down to all involved
The commercial insurance market currently faces a myriad of issues, for which a whole raft of long-term solutions has been suggested. These problems will not go away and it would be foolhardy to expect the government to step in with a universal panacea.
Brokers and their clients have a vital role to play in stopping this sector from haemorrhaging. If not, trade associations and organisations are seriously considering setting up captives, depriving brokers and insurers of clients and premium
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