The social housing insurance market is currently in a very delicate place. There are signs that the hard market for property stock is easing.
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There has always been a limited range of insurers actively seeking to provide property insurance cover for social landlords, but the last 24 months has seen the withdrawal of some of the more established providers. This has resulted in many social housing organisations seeking a new insurer at a time when the market is contracting.

Many factors affect the market which creates a change in underwriting appetite, capacity, and pricing. Reinsurance, claims inflation, high-rise cladding, historic underinsurance, and increased regulation have all played their part in creating the insurance situation social housing providers are facing now.

Learn more about the current trends and factors driving changes in the social housing insurance market with Gallagher’s State of the Market: Social Housing report.

View Report
Disclaimer

The sole purpose of this article is to provide guidance on the issues covered. This article is not intended to give legal advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. We make no claims as to the completeness or accuracy of the information contained herein or in the links which were live at the date of publication. You should not act upon (or should refrain from acting upon) information in this publication without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein.

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