UK Commercial Insurance: A Soft Market, but at What Cost?
Is the UK commercial insurance market trading discipline for growth?
After years of hardening conditions, rates are finally softening across UK commercial lines. While this brings welcome relief for brokers and policyholders, a more complex picture emerges beneath the surface. With insurers eager to deploy capacity and chase top-line growth, are we seeing a dangerous relaxation of underwriting controls?
Last winter’s mild weather may have flattered combined operating ratios, but relying on luck rather than strategy is no foundation for sustainable business. As new MGA facilities spring up and risk appetites expand, the question becomes: when will the true cost of today’s decisions emerge?