Looking to the rest of 2022

Fire safety cover will continue to be a focus for insurers for some time to come and buyers still need to work hard to differentiate themselves as a good business to insure; however, the first half of 2022 has delivered a number of reasons for cautious optimism.

While it’s too early to call a substantial softening of the PI insurance market for the sector, there are early signs of stabilisation and a return of underwriting appetite. This is a positive and PI insurance buyers should be engaging with their broker now to build a clear strategy to move forward.