Editor’s letter: Cash flow underwriting – stupidity over substance?
Having written about insurance for more than 25 years, I have learned that many things related to the sector are cyclical.
Hard market and soft market. Consolidated personal/commercial teams within insurers versus separate commercial and personal teams within insurers.
Splitting out mid-corporate and SME commercial and then bringing them back together. In-house or outsourcing. Even things like the popularity of managing general agents seems to go through purple patches and then periods when they are less popular.
That said there is one trend – which even predates my time in the market – that until now appears to
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