Predictions for 2018: Allianz's Sarah Mallaby
Mallaby predicts that brokers will rise to the challenge in 2018.
With the prospect of rate uncertainty plus a raft of new regulations to get to grips with, 2018 is set to be a challenging year for the broking market. But, while it will be testing, we expect brokers will adapt well as they always have.
The groundwork for the tough trading year was set back in February 2017, when the discount rate was cut from 2.5% to minus 0.75%. This pushed up personal injury compensation payments, taking reinsurance rates and premiums with them.
While these increases
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