PI Market Report podcast series: London vs the Regions – Shifting Claims Landscapes

In the third episode of the Professional Indemnity (PI) Market Report podcast series, we explore the evolving claims environment across the UK, with a particular focus on how London compares to the regions.

Together, Lucy Murphy, Legal Director in London and Sam Godding, Legal Director in Manchester examine key insights from our latest PI Market survey, specifically the drive behind claims volume and severity in both London and the regions.

Throughout the episode, the team delve into the shifting dynamics between the London and regional markets. With regional hubs in the North seeing a construction boom, and emerging tech hubs like Birmingham contributing to rising claims outside the capital, do complex, high-value matters remain anchored in London?

The episode looks at the expected changes to claims volume and severity and the key drivers for these changes, including ongoing economic uncertainty, geopolitical volatility, regulatory changes, cyber and AI exposures. With external pressures mounting and the PI landscape becoming more complex, there are potential challenges and risks that arise for insurers, brokers, and professionals alike. This episode provides valuable commentary on what the future may hold.