Association of Insurance and Risk Managers (Airmic) chairman Philip Thomas has called on all insurance industry groups to meet to discuss the problems associated with the hard market.
Thomas, speaking at the Airmic annual dinner last night, said the difficulties associated with the hard market included increasingly expensive insurance cover and reduced capacity.
"The lack of insurance cover against terrorism is still a huge issue throughout our industry," he said.
"Clearly it's vital such cover is available and Airmic is working closely with its members and the Association of British Insurers and making representations to the government to help resolve this.
"Other forms of cover have disappeared at such an alarming rate that some of use are dangerously exposed."
Thomas said risk managers should institute regular meetings between all insurance industry groups to "enable free discussion to take place between us about matters of potential or existing concern".
"This way, we would hopefully avoid any more surprises, which can cause problems in our market.
"We need more open communication and consultation within our industry.
"Lets have more transparency, more discussion before decisions are made that may impact other sectors."
