IUA throughput shows upturn

Figures recently produced by the International Underwriting Association (IUA) provide confirmation of the current market recovery. Net premium income underwritten by IUA members through the London Processing Centre, or more recently Ins-sure, increased 16% from £3513m in 1997 to £4087m last year, and the IUA expects a 30% increase in 2002 as the full effect of the hard market takes hold.