Financial Institutions (FI) insurance rates have tended to stabilise in the last six months, as the rate increases previously seen were unsustainable and unaffordable for smaller FIs. The global financial downturn of the last two years led to some large FI claims which in turn caused large scale inflation in the market. Many insurers have reduced their FI exposure but are still extremely cautious in their underwriting strategy. Banks and large FIs still face some premium increases upon renewal whereas the market for smaller risks has become more competitive again, particularly for clients with more attractive risk profiles.

Updated as of 27/07/2010.