Blog: The light at the end of the tunnel?
Stuart Kilpatrick, of Burns & Wilcox, a HW Kaufman company, considers how the tough market could evolve in a post-Covid world.
The insurance market was already hardening in the months leading up to the global pandemic in March 2020. Covid-19 produced a further chilling effect, exacerbating the pressures on capacity and premiums, with most property and casualty policies experiencing significant premium increases. While there is potential for turnaround in the future, given the rollout of multiple vaccines globally, change is unlikely to happen anytime soon.
Customers are increasingly looking to brokers and underwriters
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