Market Watch - Professional indemnity: Cover-all expertise
Emmanuel Kenning takes a whistle-stop tour of the post-recession professional indemnity market to find the transferable skills brokers can learn from specialists in a range of sectors.
A single renewal date for solicitors' professional indemnity, 1 October, presents many challenges, among them market uncertainty and condensed lead time. David Harries, head of professional and financial lines at QBE, points out that time is of the essence for brokers and their legal clients. He says: "Some insurers take the view they will write a [certain] amount and, once they've satisfied it, they will stop."
Harries accepts that, in such a dynamic market and with the full impact of the
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