Recently, there has been a lot of press about the challenges that some firms have faced in renewing their professional indemnity (PI) programmes this year.
It is widely accepted that the recent experience of cumulative premium/rate reductions are not sustainable in the long term, and this is particularly true with the real estate sector, as a result of the downturn in the UK property market which has lead to an increase in claims and notifications in this area.
It is widely accepted that the recent experience of cumulative premium/rate reductions are not sustainable in the long term, and this is particularly true with the real estate sector, as a result of the downturn in the UK property market which has lead to an increase in claims and notifications in this area.
