Overview of the European insurance market
The European Insurance Market has seen significant changes and challenges across many lines of insurance this year. This has been heightened by the ongoing effects of the COVID-19 Pandemic which has pushed many sectors to their limits. Significant renewal challenges can be seen for the property and business interruption market with most countries experiencing significant premium increases along with some reduced capacities, especially across high-risk sectors such as: raw material processing, food production, waste management and green energy. These sectors are significantly impacted by the need for more detailed information and thus the need to clearly understand specific risks and how these can be mitigated or prevented. This trend is expected to follow leading into next year and beyond.
In this report from the Worldwide Broker Network current market states across all European countries are examined. The market is hardening across most sectors, although we also see some stabilizing and softening trends. Read more to find out what the future holds for these sectors and countries.
