Marketplace Realities Report 2018 - GB Edition

Insight into the current state of the GB insurance market

February 9, 2018
| United Kingdom

The GB Marketplace Realities report 2018 gives an overview of key insurance sectors from transportation, natural resources and financial and executive risks. The report finds that insurers are seeking to improve the overall quality and risk-adequacy of their portfolio in an environment where rate increases following record losses in 2017 did not materialise as once thought.

Prolonged market softening has taken its toll on industry profitability, however, the industry remains fitter and more resilient than in any previous market-correcting event. The market did not respond with across-the-board increases in rates leading some insurers to make difficult choices over their continued involvement in underperforming lines.

— Clyde Bernstein, Head of Broking - GB, Willis Towers Watson

The report was compiled from Willis Towers Watson data across its corporate risk and broking sector for the UK region.

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