Professional Indemnity Insurance Market Insight

Your source of professional indemnity (PI) insurance market trends and analysis.

Insurers are no longer prepared to drive PI pricing down. The hardening Directors & Officers insurance market is having a two pronged impact on the PI insurance market. PI insurers are demonstrating caution and taking the opportunity to review their books alongside D&O. Also, other D&O insurers who have not traditionally written a significant amount of PI are looking to diversify into PI.

Overview

• The first half of 2017 saw insurers start to push PI premiums where rates were deemed too low
• No longer are existing insurers prepared to continue to drive pricing down
• Accounts with paid claims or open notifications experienced the greatest impact
• Insurers are reviewing accounts carefully focusing heavily on risk/contracts management, regulatory environment and oversight of regional offices
• Growth in fees, new disciplines or acquisitions is triggering increased PI premiums
   

Download the update to learn more.