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4 August 2015
Electronic insurance exchange Marketscout says the end of the soft market in the US “may be nearing” as small rate increases continue to be recorded, particularly in SME business.
CEO Richard Kerr says brokers and insurers “shouldn’t pop the champagne just yet, but there is light at the end of the soft market tunnel”.
Marketscout reported rate increases of 1% in commercial property and business pack risks for September, while workers’ compensation rates were up 2%.
On average, SME business saw rate increases of 3%, while medium-sized accounts were flat and large accounts saw a cut in rates.
Professional liability lines were flat, and Marketscout predicts that some insurers “will continue to suffer because of aggressive pricing on long-tail business”.
31 July 2015
Busy role with a strong focus on delivery and providing great customer service. Must have underwriting experience.
31 July 2015
Do you enjoy driving business growth and achieving revenue targets? Are you passionate about providing great customer service?
30 July 2015
Responsible for renewal of existing business into Capricorn Risk Services and develop new business to achieve predetermined sales targets.
28 July 2015
Gallagher Bassett Services is a growing business that is expanding its team through the addition of an Business Development Manager within the general insurance division.
23 July 2015
Looking for a career in insurance? A great opportunity has arisen within the general insurance industry servicing the Murraylands, Adelaide Hills and Fleurieu Peninsula in South Australia.
22 July 2015
An iconic SA brand, RAA Insurance is seeking an experienced Senior Home Loss Adjustor to oversee the home loss adjustment function to ensure overall service delivery requirements are achieved and act as a point of reference for escalations, audits and quality control issues.