In the most recent half-yearly survey by the National Insurance Brokers Association (NIBA), found that 72% of brokers have reported a increase of premiums
NIBA Chief Executive Noel Pettersen says while the majority of NIBA brokers are reporting reasonable or slight increases across the board, there were exceptions.
“Some of the rises for harder-to-place risks and commercial motor are significant,” he said. “This is to be expected in a hardening market where risk is being treated with more caution by insurers.”
Source NIBA Release
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