Solicitors Season in Review: Large Firms
Recent years have been characterised by challenging insurance market conditions, as surging premiums, dwindling appetite for new business, and a lack of new entrants have left firms with very few options. 2022 marked the beginning of the end, however, with significant easing of rate increases throughout the autumn. Despite increases still being felt, this improving trajectory is set to continue throughout 2023.
The briefing paper below provides an oversight of the market in 2022, a review of recent renewals and most importantly a forecast of what you can expect to see as we approach the autumn renewal season.