Confidence in insurance sector drops as losses, regulation and soft market bite
According to the index, confidence in the insurance, banking and finance sector is at its lowest level since the first quarter of 2010. Since then the BCM Confidence Index for the sector has fallen by two thirds to +12.0.
Peter Allen, head of the financial services group at Grant Thornton, said: “For the insurance industry, 2011 so far has been characterised by a series of expensive catastrophes which have hit profitability – but not sufficiently to create a turn in the pricing cycle.
“Natural
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Disappointed FCA warns brokers on consumer harms
- Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe
- GRP-owned DCJ buys SM Commercial
- Brickell seeks to cancel £482m R&Q takeover deal
- Cyber pricing hardens over 30%, says Aon
- HDI restructures UK & Ireland operations
- Broker FSCS levy plummets to £5m for 2022/23 from expected £68m