Buyers of professional indemnity (PI) insurance in the construction sector continued to face headwinds for the first half of 2022. Insurers remain cautious in their underwriting approach, looking for insureds to evidence good risk management and solid financial performance.

In this 2022 H1 Market Review we outline our experience of PI market conditions across four key areas: Coverage, Rating & Appetite, Capacity and Claims.

We also provide our thoughts on what buyers can expect for the second half of the year.