Moving an affinity scheme after a premium hike
Q: We run an affinity scheme for a trade association but the insurer has now given us notice of a s...
Q: We run an affinity scheme for a trade association but the insurerhas now given us notice of a significant premium hike in the new year.
Should we move it?
A: During this current cycle of hardening terms, many insurers have been
reviewing their delegated authority schemes, withdrawing them, and
restricting the granting of new facilities. I would be surprised if other
insurers are any more positive.
It would be worth doing a comparison of open market terms versus your
product, based on the
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