QBE publishes Retail Spring Update 2022
Authored by QBE Risk Underwriting Manager Jamie Calder
Sector overview
The UK retail sector has experienced a turbulent few years, with store closures during national lockdowns, supply chain crises, Brexit red-tape, driver shortages and most recently, pressures from rising costs. Whilst there has been much relief within the sector at the ending of national lockdowns, the challenge ahead will be the rising cost of living in the UK and how this will impact consumer confidence and therefore demand in general.th store closures during national lockdowns, supply chain crises, Brexit red-tape, driver shortages and most recently, pressures from rising costs. Whilst there has been much relief within the sector at the ending of national lockdowns, the challenge ahead will be the rising cost of living in the UK and how this will impact consumer confidence and therefore demand in general.
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About QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.