Agenda: Hopes for the New Year

There has been the hardest market the industry has ever known followed by what is turning out to be the longest soft market in our history. Paradoxically, in spite of this instability and taking into account inflation and economic growth, the industry's commercial premium income ended the decade at about the same level as it started. However, unlike the previous ten years, in eight of the years, an underwriting profit was made in UK commercial insurance compared with a loss in all but two in the