Report reveals European insurance buyers fear price hikes

rocard phillipe axa

Almost half of all European insurance buyers are concerned current economic conditions could lead to an increase in the cost of cover, research by the Federation of European Risk Management Associations has revealed.

According to Ferma's 2010 Risk Management Benchmarking Survey, 48% of respondents are worried about a looming hard market, while a further 33% believe their current rates represent "good value".

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