Clyde & Co’s second annual London Market Professional Indemnity Report, based on a survey of PI professionals across underwriting, broking and claims, has revealed a widespread optimism about market conditions for the coming months, tempered by wariness of macroeconomic and inflationary pressures on the horizon.
The survey, which took place in May, reveals that 88% of respondents said that they believe rates will continue to increase in the next 12 months, while a fair majority (61%), said that broad economic trends would affect the volume of PI business underwritten in the London Market.
