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going to rise significantly?
I thought so.
life and critical illness cover: there's been quite a lot of price competition over the last couple of years. on the other hand, the amount people are insured for is usually meant to cover mortgages, which are going up. i'd say, as a product prices are fairly stable but if anything likely to decrease. whereas the amount each person is buying is likely to increase above inflation.
I mean property insurance. It's inevitable, yeah?
i saw "insurance" and thought: wow! my job is relevant to something... but no :(
i'm honestly not sure about property insurance. there are a lot of factors. the companies might have the risk spread over loads of different countries, and the lower places will still be the lower places more likely to be flooded...
you must mean about flooding and stuff..
difficult to say, but it's not a very technical product, and i'd imagine new entrants such as supermarkets have greatly increased competition recently.
I'm such events do happen from time to time and are already built into the pricing.
i;d guess the key worry, as it has been in recent years, is that the reinsurers arent at risk of paying out in lots of different ways, in response to the same event. there's a word of that, but i cant remember it.
for the association of british insurers about it. the insurance industry has come to agreements with the government about spending on flood defences before, if it looks like prices are going to go up too much, i'd imagine the same will happen again.
leave it. Its like being at work again. I do this too unfortunately.
enoughs enough. I'm going down the pub.