Are you a global Insurance underwriter? If so you might want to notice the current trends taking place in Ireland. Quite a number of insurance companies are moving out of this country due to higher risk on policies and additionally higher risk of default on a payment plan for a policy. No insurance underwriter wants half paid policies which end well before their expiry date. This muddles up financial forecasting as well as actual funding for other endeavors. Companies like Brittons Insurance have been taking an innovative path for the past twenty years by sourcing new and unique underwriters globally. However, they may no longer have such access when many underwriters they wish to work with will not allow their services to operate either directly or indirectly through Ireland due to the above factors.
The icing on the cake will be for those smarter underwriters to drill down and hone into viable, profitable and stable niches within the Irish Insurance market. Those who take a gamble could still win quite a lot, but the risk is too high for risk taking in this industry. The real winners will be the ones to carefully select which brokers to do business with and which categories they will allow their policies and services to go with.