The Ant and the Grasshopper: Insurance in 2021
Expect a hardening environment in the year ahead with fewer policies, higher premiums and restrictive coverage.
The insurance hardening market cycle that began more than three years ago is being exacerbated by falling investment returns from the low-interest-rate environment as well as the onslaught of risks associated with the coronavirus pandemic and climate change. Insurers experienced higher claims across almost all product lines in 2020.
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