Commercial faces long road to hardening rates

long-winding-road

The slew of insurers announcing commercial combined operating ratios (COR) at or above 100%, along with RSA’s decision to cull 200 brokers from its agency base, has highlighted the tough conditions facing insurers and brokers. However, brokers may be able to draw some comfort from the fact there appears to be little prospect of further mass agency cancellations.

As the box (below) details, insurers have recently announced improved profitability in 2011 and better group CORs than in 2010. However

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: