Something to hide?

In recent months, transparency has been a virtue much proclaimed in commercial lines insurance markets. As Andrew Beazley reports, brokers and underwriters have competed to offer the most resounding endorsement of transparency as the cure for all that ails the industry

Transparency has become an insurance industry buzzword. Unfortunately, as is often the case with buzz words, its meaning has in the process become, shall we say, less than transparent.

Trainee accountants learn a great deal about transparency, although, sadly, putting it into practice sometimes proves challenging. A good set of accounts, they learn, gives investors the information they need to make rational investment decisions. Embedded in this is a concept that we are very familiar with in