Environmental Liability Insurance Market Recap 2020

As the insurance market continues to transition and evolve, environmental liability insurance premiums in 2020 generally increased in the 5% to 10% range for claim-free accounts. Barring unforeseen changes in conditions, environmental insurers likely will continue to seek rate increases in 2021, due to factors including:

• Rising reinsurance costs.
• Stricter requirements to meet technical rates. 
• Increasing number of environmental liability claims. 
• Remediation costs increasing due to inflation and other factors. 
• More active environmental regulators. 

To find out which industries are buying environmental liability cover, the latest trends in coverage, market capacity, premiums, claims and the Australian regulatory landscape, download the full report.

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