It is anticipated that insurance and reinsurance capacity will continue to contract, rates will continue to harden and the market will witness a return to prudent underwriting; especially in regard to the corporate and large commercial classes of business.

Insurers are also reviewing the types of risks and line sizes they are prepared to accept, paying particular regard to high hazard industries.

Clients will need to demonstrate their commitment to risk mitigation and loss prevention.

In the absence of sound surveys and a demonstrable risk management ethos, businesses could find it difficult to access insurance and brokers could face the real prospect that slips may not be filled.

IIA’s entry into the Corporate market addresses the increased demands of the sector and, in partnership with our brokers, we will provide solutions that meet the needs of policyholders in terms of contract certainty and security.