How’s your mood? Chances are that it’s been pretty glum during this period of extended lockdown – but as restrictions start to lift, it seems some positivity is returning.
That has been reflected by the London chapter of the Professional Liability Underwriting Society (PLUS) which recently met for a webinar on “To what extent will this crisis lead to a permanent move away from the face to face market?”
The webinar saw more than 100 members gather from across the UK and North America, and after a panel debate the audience was asked for their views on the London market. The results highlighted some real positivity with 60% expecting it to come back stronger, 88% expecting it change for the better as a result of the pandemic, and 52% believing that it will be cheaper for international clients to place business.
According to CEO of New Dawn Risk, Max Carter, who moderated the webinar, it’s vital that the London market remains true to its values.
“Overall, we were delighted with the positivity which came from members attending the debate, and it is great to know that members have faith that the technology and relationships which underpin this market will allow us to continue to place and manage risks for our clients effectively,” he said.
