A London-based independent market analyst said the current financial turmoil could lead to an increase in insurance prices.
The Datamonitor's analysis written by Jonathan Steiman, analyst, financial services technology, remarked, "Although it is too soon to tell, the recent events could mark the beginning of the end of the soft market."
While premiums of nearly all commercial lines as well as some personal lines have been falling for three years and this "in combination with withering investment income has had a crushing effect on the industry's bottom line, it could change," Datamonitor suggested.
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