While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may be auspicious.
Had the outbreak struck earlier than it did, the London insurance market would not be where it is in its campaign to re-establish rate adequacy and profitability, suggested experts during a recent segment in the “Tuesdays with Lloyd’s” virtual series with various Lloyd’s leading underwriters.
