D&O Crime Update

Welcome to the Directors and Officers Crime Market Update where we analyse the current market conditions based on our observations of the market with our WTW clients and not a whole of market review.

GB overview

• This update provides an analysis of the current conditions in the GB market for Crime insurance and the impact this has on companies and insurance buyers.
• While the GB market for Crime insurance is not seeing the resurgence that is being seen in Commercial D&O, there is increased interest from a number of insurers looking to expand their relationships with valued clients.
• The number of clients renewing with decreased or flat primary ROLs (rate on line) has continued.
• Following the decreases in claims notifications from our clients in 2021, this trend appears to be continuing in 2022 and remains down on the previous highs of 2017-2019

EU overview

• This update provides an analysis of the current conditions in the Continental European market for Crime insurance and the impact this has on companies and insurance buyers.
• While the European market for Crime insurance is not seeing the resurgence that is being seen in Commercial D&O, there is increased interest from a number of insurers looking to expand their relationships with valued clients.
• 75% of our clients in Continental Europe saw their Commercial Crime premium increase while 89% maintained their expiring deductible (worth to note is that the retentions had already increased significantly during the hard market).

Authors

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Angus Duncan

Executive Director – Coverage Specialist, Global FINEX

email Email phone +44 (0)20 3124 8386

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Louise Dennerståhl

Head of FINEX Western Europe

email Email phone +46 73 250 59 64

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