Financial institutions in the United Kingdom are beginning to see insurance premium rates decline between 1 and 10 percent, according to findings in a market survey released by Willis Group Holdings.
Willis, in London, said that financial institutions that have not experienced a premium reduction in recent years can find it possible to negotiate discounts of greater than 20 percent, depending upon risk history and marketing of the account.
Willis went on to say that underwriters are suggesting the overall trend for limits and deductibles appears to be flat, and the broker said it agrees with this observation overall.
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