Horizon Scanning: Changes to Renewal Information
We have not seen this request being made universally across all of our clients but on a recent pre-renewal meeting one of the questions asked was “Cladding information on high rise…7 floors and above”. The Insurers in the past were happy with details over 12 floors but this seems to have changed. We are also seeing the need to have more detailed risk information on reinstatement valuations with a particular reference to commercial units. Hopefully this additional information will not cause too much of an issue but if there are any problems please let us know and we will be happy to help if we can.