PIB Insurance Brokers’ Warranty and Indemnity (W&I) specialist David Walters speaks to Insurance Age about the encouraging market conditions of W&I. David says the recent report by AIG that claimed there was an influx of new M&A insurers entering the space, is good news for brokers and their clients. David explains that over the last few years new underwriting competition coming into the market has resulted in a fundamental shift to streamlining the approach to underwriting certain deals.
David also highlights further positive influences that increased competition has brought including pricing, coverage and market flexibility. With the market becoming more attractive, David explains that a new set of buyers are starting to look at W&I again.
“That conversation now is getting very meaningful, and [buyers] are saying – if that’s what the market is doing now, maybe we’ll start looking at W&I again,” Walters said.
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