Markets Update | How We’re Lobbying Insurers | Tips for Brokers

As you will be aware, the COVID-19 outbreak has caused significant disruption to the insurance industry – with hardening rates, reduced access to cover, and pressure on commissions becoming market-wide issues. 

This update provides information on the latest issues affecting risk placement, and how we are drawing on our market relationships and the collective strength of our Network to help lessen the impact on our member brokers and their clients.

Download the full update below, where you can read in detail about:

  • Clarity on Unoccupied Property Coverage.
  • Business Interruption Wordings and Claims Review.
  • Flexibility on Cover and Premiums.

Renewals in Testing Times

A number of challenges are emerging around renewals, including in some cases very long lead times, hardening markets, and issues associated with specific sectors and markets. We are working closely with insurers to help maintain the level of market access, pricing, and service our member brokers need to defend their client bases, and which is in keeping with our collective strength. 

Tips for Brokers: Finally, we have highlighted a number of practical steps brokers can take now to minimise disruption to their renewals books.

Read the Full Update

Marsh ProBroker’s parent company

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