Power hour: Commercial challenge
The market constantly bemoans commercial rates and the sector seems to be struggling. So, what will be the main challenges in commercial lines in 2012 and how is the Scottish market facing up to them? Martin Friel finds out
What is the state of the Scottish market?
▶ John M: The Scottish market is very buoyant in terms of competition – loads of competition on the broking and insurer side. Although that brings its own challenges, it’s certainly better working in that environment than being in a backwater. Everyone wants to be here, but rating strength could be better.
▶ Annie: If you look at the market as a whole and the combined operating ratio of the last five years for the market, I don’t think anything has been
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