Editor's comment: Commercial rates still not good enough

It appears that the market is waiting for some kind of trauma before it introduces sustained, controlled increases. In fact, this is what has happened in the motor market, with insurers seemingly having waited for some dramatic losses and headwinds before finally raising pricing quickly and steeply.

We are told that reserve releases are set to run out at any minute, yet the dual pricing seen by 90% of our survey respondents shows that insurers are prepared to drop pricing considerably when it