Insurers are increasing premiums, to offset claims inflation and economic uncertainty, but also in response to rising asset values and claims costs due to social inflation. However, the backdrop of the cost-of-living crisis prevents them from pushing the premium rate through all at once.
Read our Public Sector and Education insurance market update for 2023 which covers:
- Insurer reaction
- Management Liability/D&O
- Legislation Changes
- Procurement Legislation
For more information, please reach out to a Gallagher representative.