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Professional indemnity market expected to soften

Posted On: Sep. 25, 2020 8:53 AM CST

Market conditions

The professional indemnity market of Australia is expected to soften by mid-to-late 2021 as more insurers are likely to re-enter the market on the back of improving risk management and compliance, Asia Insurance Review reported. Several insurers chose to exit the market in the past due to growing risks which has led to hardening of PI market.

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