Why the “flight to high quality” is offensive to the insurance coverage business

For underwriters, this “flight to high quality” has been underway for the previous few years, with the objective of mitigating poor loss ratios by re-pricing enterprise (elevating charges), bettering danger choice and capability allocation, and tightening up protection phrases and situations. On the identical time, insurers have additionally been shoring up their funding methods, as yields have been battered by the sustained low rate of interest setting.

Corrective actions from the underwriting neighborhood are to be anticipated every now and then, given the considerably cyclical nature of the insurance coverage market and the pure fluctuations within the economic system. On

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