Skip to main content
Article

Directors' and Officers' Market Update 2022

Download our report below

By Angus Duncan | September 7, 2022

This market update provides several analyses of the current hard market and the impact this has on Directors' and Officers'.
Financial, Executive and Professional Risks (FINEX)
N/A

This update provides an analysis of the current conditions in the market for Directors' and Officers' (D&O) insurance in Great Britain for international and domestic companies and the impact this has on board directors, non-exec directors and insurance buyers. The analysis in this update is based on our own observations of the market and using WTW proprietary data unless otherwise stated.

  • H1 2022 has continued the improvements in the GB D&O market.
  • 37% of clients saw their primary layer renew flat or with a discount in Q2 2022 and 69% saw their excess layers renew with a discount.
  • By contrast, the average rate on line for SME businesses has seen increases in H1 2022, erasing the decreases seen in Q3 2021. In practice our brokers’ experience has been that underwriters are now finding it harder to obtain increases on SME business save for clients in specific industries or with adverse underwriting factors.
  • More insurers are offering better policy terms including increasing numbers once again writing on WTW’s proprietary (DARCstar wording).
Download
Title File Type File Size
Directors and Officers Market Update 2022 PDF 3.8 MB
Author

Executive Director
Coverage Specialist, FINEX

Contact Us