Industry should not ‘bank’ on weather benefits says Zurich’s Smith
Several years of benign UK weather are likely to increase pressure on home and buildings pricing according to UK GI CEO Dave Smith who has warned peers not to ‘bank’ on the benefit of below average catastrophe activity.
"We [in the UK] got lucky [in 2014]. It's a bonus that shouldn't be banked on by the industry because we're there to reduce volatility for customers," Smith told Post.
He continued: "When you get
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