For the last two years, the insurance market both in the UK and globally has been hardening at a rate not seen since 2001/02. We are at the peak of the phase of the market cycle where, in general, insurer capacity is withdrawing from the market, competition is reducing, premium rates are increasing, policy coverage is narrowing and insurers are being highly selective regarding the risks they choose to insure.

If you are interested to read more and see how dealing with a GI provider with a wide insurance market like ourselves is of benefit, please review the market condition summary or full report below.

The review has been put together by Towergate who have given us permission to share with you and makes some interesting reading.

Market Conditions 2021 – Summary
Market Conditions 2021 – Full Report