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Professional Indemnity Insurance Renewal? In 2018, the review by Lloyds of London sent ripples through the Professional Indemnity Insurance (PII) market. The review confirmed that UK PII has been unprofitable, for most insurers, for many years, making it the second least profitable class at Lloyds. As a result, Lloyds issued an ultimatum to all syndicates that underwrite PII that they need to put their house in order and put in place an action plan for loss-making PII portfolios to return to ...
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