UK Environmental Market Update: June 2020

Environmental Impairment Liability insurance (environmental insurance) is a growing line of cover, where companies see a need to protect themselves from environmental liabilities for a wide range of reasons, including merger and acquisition (M&A) deals, development projects, contract compliance, regulatory requirements, operational management, and sustainability concerns.

While other lines of insurance have seen significant changes in the last year, both in terms of premium cost and cover, the environmental insurance market continues to be considered stable and benefits from strong insurer and reinsurer support with a capacity and appetite to expand.