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News  ›  GlobeNewswire Inc.

Rate softening in the energy market shows no signs of abating, according to Willis

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Rupert Mackenzie
Rate softening in the energy market shows no signs of abating, according to Willis

The energy insurance market is experiencing a soft market with favorable conditions for buyers, particularly in upstream sectors. Downstream insurers have faced significant losses, while upstream markets remain profitable with potential for cost optimization.

Insights
AXP   positive

Unique two-sided business model, successful targeting of millennials and Gen-Z, and strategic fee increase management


WTW   positive

Reporting strong market conditions, potential premium savings for clients, and simplified insurance placement structures