Insurance: are we heading for a hard market?
Flaxman, R.
Insurance: are we heading for a hard market? - 2001 - CSM (Chartered Surveyor Monthly) September 2001, 36-37(2) .
Pt 1 of a two-part feature looking at the insurance market. Considers whether this is likely to harden in the near future. Notes this is likely to occur if there is an epidemic of claims, which would create a financial crisis for insurers, or if the cost of reinsurance protection rises. Suggests insurers are quietly nervous there will soon be another epidemic of claims. Offers advice to companies on limiting these potential increases in premiums. Suggests good company practices can help stave off increases. For instance, those with a clean claims record can often negotiate a lower premium.
INSURANCE MARKET
GOOD PRACTICE
CLAIMS RECORD
COMPULSORY PROFESSIONAL INDEMNITY INSURANCE
INSURANCE PREMIUMS
INCREASES
Insurance: are we heading for a hard market? - 2001 - CSM (Chartered Surveyor Monthly) September 2001, 36-37(2) .
Pt 1 of a two-part feature looking at the insurance market. Considers whether this is likely to harden in the near future. Notes this is likely to occur if there is an epidemic of claims, which would create a financial crisis for insurers, or if the cost of reinsurance protection rises. Suggests insurers are quietly nervous there will soon be another epidemic of claims. Offers advice to companies on limiting these potential increases in premiums. Suggests good company practices can help stave off increases. For instance, those with a clean claims record can often negotiate a lower premium.
INSURANCE MARKET
GOOD PRACTICE
CLAIMS RECORD
COMPULSORY PROFESSIONAL INDEMNITY INSURANCE
INSURANCE PREMIUMS
INCREASES