Analysis

Soaring professional indemnity insurance pricing and low trust creates ‘perfect storm’

By 2021-06-03T07:39:00

storm umbrella businessman

An expert panel at Biba’s conference last month discusses the current state of the professional indemnity insurance market

The professional indemnity (PI) insurance market was already incredibly challenging, but soaring prices and trust in the sector being at an all-time low following the FCA business interruption test case has created a “perfect storm”, said an expert industry panel.

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