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Market Overview – Property Insurance

Market Overview – Property Insurance

Contributor: Dave Burridge, Head of Property Package, Burns & Wilcox UK Over the last three years, the Property Insurance market has grappled with double-digit rate increases and reduced capacity. However, as of late, rates are stabilising, and capacity is softening, thanks in part to carriers aggressively re-entering the market. Rate increases have averaged only 5-10% in 2023—a noticeable decrease from…

Resilience and Reliability Matter in the Insurance Industry

Resilience and Reliability Matter in the Insurance Industry

I was recently reminded of the importance of resilience when preparing for the BIBA Conference 2021, being held virtually on 12th and 13th May. The theme for this year’s conference is “Strengthening Resilience”—something we have needed in our personal lives since the start of 2020 and no doubt something you require professionally from your industry partners. Resilience however, is not just…

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