Flat or softer market conditions expected in the energy insurance market for the next year

摘要

A poll of delegates at Aon's 10th Middle East Energy Conference 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 in the year, the effect was short lived and previous trends have been reasserted. The same survey found that more than half the respondents (53%) thought that it would take a further US$5 billion+ energy loss to bring an end to the current market cycle.