Our London Company Market Statistics Report once again proved to be the IUA’s most popular publication of the year and in 2016 was shortlisted for an industry award. The report was recognised in the best membership communication category of the Association Excellence Awards which highlight best practice in membership associations across all business sectors.
A record number of members downloaded the latest edition which analysed premium income and its findings received significant media coverage with reports in the national press.
Results published last year showed that the overall premium total for the London Company Market in 2015 was £21.654bn. This figure comprised £15.150bn written in London, plus a further £6.495bn written in other locations but overseen by London operations.
Restated figures for 2014 revealed an overall premium of £22.435bn. The fall in income was attributed to competitive market pressures, increased use of Lloyd’s platforms, company reorganisations and exchange rate fluctuations.
This year we plan to further enhance our report by providing a more detailed breakdown of liability business classes and a new analysis of delegated authority premiums.