Analysis: Broker PI rates going 'through the roof'
As brokers grapple with soaring professional indemnity rates and attention sharpens on the potential for claims in the wake of the ongoing Financial Conduct Authority business interruption court case, Post investigates what the eye-watering price changes could mean for the sector.
The trebling or even quadrupling of premium rates for broker professional indemnity insurance is in part due to the impact of Covid-19 and partly because rates have been too cheap for too long
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Insurers moving to limit exposure to neuro sports injury litigation
Impending litigation over neurodegenerative conditions suffered by rugby and football players are presenting challenges for the insurance industry to stay on top of.
Specialist Risk’s Lebecq joins Miller as COO
Miller has hired Clare Lebecq as chief operating officer following her departure from Specialist Risk Group last month.
Hiscox’s Hemming reveals ‘bold ambition’ for distribution
Gareth Hemming, who joined Hiscox UK as chief distribution officer a year ago, has shared what brokers can expect from the insurer in the next 12 months.
Big Interview: Jo Taylor, Endsleigh
Jo Taylor, executive director of Endsleigh, shares plans to consign the student specialist brand to the past, ways to attract fresh meat to the insurance market, plus how the broker is supporting schools and universities facing financial challenges in 2024.
Ex-Crawford UK president Lisa Bartlett resurfaces at Gallagher
Lisa Bartlett has been appointed as managing director of Gallagher’s Birmingham office, following her resignation from Crawford earlier in the year.
Ageas’ AI fraud tool; Clear’s Wycombe partnership; Moonrock’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Broker stress reaches five-year high
Broker stress has risen to the highest level since 2019, according to research from Ecclesiastical.
Markerstudy’s Barnard on the continued importance of Lloyd’s
View from the Top: Joe Barnard, director of group sales and business development at Markerstudy, highlights Lloyd’s’ adaptability, strong reputation and talent as key to facing future challenges.