Turning point.
As the insurance market begins to harden, Phil Godwin says brokers and insurers should turn to each other to help broaden the scope of engineering covers.
After a period of soft market conditions within the insurance sector,the market has begun to harden once more. This trend is not confined to
engineering insurance but is prevalent across almost the entire commercial
insurance market and has affected insurers and brokers worldwide.
However, even in a hardening market competition between insurers for
improved market share remains healthy, with great emphasis placed on the
value of the service and covers offered. This is particularly relevant to
engi
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