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Professional Indemnity Premiums Set to Rise as market Capacity Reduces Other than for a short period following the financial crisis, over the last decade Professional Indemnity Insurance premiums have tumbled as underwriters fought to maintain and grow market share. However, a review by Lloyds of London has now confirmed that UK Professional Indemnity Insurance (PI) has been unprofitable for most insurers, for many years, making it the second least profitable class at Lloyds.
This post first appeared on Franklands website.
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