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Energy market remains flat, despite losses: Aon survey


October 15, 2010   by Canadian Underwriter


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It would take a further loss of $5 billion or greater in the energy insurance market to end the current flat – bordering on soft – market, according to an Aon survey.
Aon polled delegates at its 10th Middle East Energy Conference and found that 41% expect premium prices in the energy insurance market to remain flat for the next 12 months. A further 37% expect prices to decline slightly.
“The findings confirm a general consensus among energy insurance market experts that while there was a rapid price increase in the energy insurance market in response to the significant losses endured by the industry earlier this year, the effect was short lived and previous trends have been reasserted,” an Aon release says.


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