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Is broker PI on the rise?

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New products on the market could herald a resurgence for broker PI sector

The recent introduction of new professional indemnity (PI) insurance products for brokers has focused attention on whether it’s a market on the rise.

In October RSA unveiled what it described as a tailored online product for its commercial brokers seeking to protect customers ranging from SMEs to larger businesses. The provider said the global recession had increased the need for PI insurance and an online product was demanded by both brokers and customers.

Last month Manchester Underwriting

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End of Year Review 2025: Gambit Insurance Solutions’ Ajay Mistry

Founder and director of Gambit Insurance Solutions and co-Chair of iCAN Ajay Mistry believes small brokers need to be more assertive in the soft market and predicts at least one insurer will launch a product in which over 80% of the commercial underwriting workflow is transparently AI-driven.

Ex-Jensten duo to launch SME MGA with Mission

Managing General Agent incubator Mission has announced that it has reached an agreement to support a new team in launching Kovrilo, a UK MGA that will provide a range of commercial insurance products tailored to SME clients.

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