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WTW: GB Directors’ & Officers’ Market Update

WTW have published an update on the current Directors’ and Officers’ (‘D&O’) market situation. The update analyses WTW’s observations of the current market conditions for D&O insurance and the impact this has on board directors, non-executive directors and insurance buyers.

In overall terms 2022 has continued to see improvements in the GB D&O market, other highlights include:

  • 37% of WTW clients saw their primary layer renew flat or with a discount in Q2 2022 and 69% saw their excess layers renew with a discount.
  • By contrast, average rate online for SME businesses has seen increases in 2022, erasing the decreases seen in Q3 2021.
  • In practice WTW brokers’ experience has been that underwriters are now finding it harder to obtain increases on SME business save for clients in specific industries or with adverse underwriting factors.
  • More insurers are offering better policy terms including increasing numbers once again writing on WTW’s proprietary (DARCstar wording).

To read the full report click on the link above.



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