Insurance underwriters are coming under increasing pressure from their broker partners, who are demanding clarity on recapitalisation plans before placing new business with them.
The scrutiny has intensified ahead of the 2026 renewal season, as insurance brokers, who control more than 70 percent of the industry’s market share, become more selective about where they place risks. Brokers say they are keen to understand how underwriters intend to meet the new minimum capital requirements set for the industry.
Under the directive, insurance c
