Industry agrees rates are on the rise
Premium rates globally will continue to climb gradually through the next two years, according to industry leaders, with the impact already being felt.
Rolf Tolle, Franchise Performance Director at Lloyd’s, expects rates to increase over the next two years, albeit at a slow pace.
Meanwhile, a quarterly survey by Aon shows 92% of underwriters expect motor insurance premiums for UK companies to increase in the first quarter while the majority believe property rates and liability premiums will also rise in the next three months.
Rolf Tolle, Franchise Performance Director at Lloyd’s, expects rates to increase over the next two years, albeit at a slow pace.
Meanwhile, a quarterly survey by Aon shows 92% of underwriters expect motor insurance premiums for UK companies to increase in the first quarter while the majority believe property rates and liability premiums will also rise in the next three months.