UK needs underwriting discipline
Predicting rate changes is not an easy business, but it appears the current soft market is here to s...
Predicting rate changes is not an easy business, but it appears the current soft market is here to stay for some time.
One example is insurer Amlin experiencing a 2% decline in UK commercial rates, which includes motor and property, for the first four months of the year, despite rates rising in the large majority of its other classes.
With the double whammy of the soft market and greater Financial Services Authority regulation, many brokers are struggling to increase profits.
The challenges of
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