White Paper
Creativity, Expertise and Global Reach: How Sompo Provides Stability and Supports Distribution Partners
White Paper Summary
Insurance pricing cycles will run their course, but industry veterans know that risk management success is built on partnerships that are transparent, stable, and flexible.
The past five years saw rate and capacity crunches in a number of lines. As some markets now shift and soften, insureds can take their lessons learned and hopefully take advantage of a more stable and predictable transaction environment going forward, at least for the time being.
One of the staunchest challenges carriers and their broker partners face now and going forward may be in helping to support buyers of insurance who might be suffering lingering rate fatigue based on the previous year’s market trends.
Buyers, in essence, are looking for relief and stability in their carrier relationships after experiencing substantive market dislocation in important lines, including, but not limited to, property, D&O and cyber.
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