Riskex - Insurance Online
Riskex - Insurance Online provides free up-to-date access to the best value Products Liability, Public Liability, Contractors Insurance and Professional Indemnity information, resources, products and services from a comprehensive selection of Australia's leading and best known public liability insurance specialists.
Whatever your public liability insurance needs, Riskex - Insurance Online can help you locate the right public liability insurance rates and comparisons regardless of your situation ...
MAKING NEWS
Fri, 13 November 2009 Liability classes show some positive premium rate signals… Investor sentiment for the rate story has been very mixed with some pointing
towards irrational behaviour from the likes of AIG as holding back rates. We think
this survey result should leave those doubtful of the thematic as far as Australian
trends go very clear that premium rates are rising. Importantly, in this survey the
broker community is even reporting solid rate increases in the liability classes, a
segment that has lagged to date. In the Professional Indemnity (PI) class brokers
noted increases in 59% of cases versus 31% at Jan 09. In Director’s and Officers’
55% of brokers indicated price increases versus 29% at June 09. Anecdotal
feedback has been that these classes would be likely to show increases at Dec
09 so these signs are encouraging in the context of the deteriorating economic
environment and increasing litigation risks. We continue to believe in the ‘pricing
power’ thematic (just a slow, gradual, incremental uptick rather than thumping rate
increases) and our preferred exposure remains QBE (QBEIF, $19.38, B17). While
the premium rate story ex Australia is more sporadic, we expect it to slowly build.
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