General liability and the casualty classes will have a higher profile at FIDES 2015

General liability and the casualty classes will have a higher profile at FIDES 2015 over the traditional property insurances, says Rupert Taylor, head of general liability and multi-line product development for Marketform.

“Developing areas such as medical malpractice, professional indemnity (PI), management liability, environmental impairment liability (EIL) and cyber liability should feature more this year, especially given the growing coverage these classes are receiving in the mainstream media,” he said.

“I am aware there has been an increased demand for some of the casualty classes, such as PI and Directors’ & Officers’ (D&O), and this has been partly due to new legislation that requires certain professions to carry minimum limits of indemnity.”

There is also increased exposure to product export to the United States now, which is resulting in higher sums insured being required that not all local cedants are able to cover, he added.

“EIL is also being impacted by new environmental laws, such as those that have been implemented in Mexico."