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Graham Nichols, chief executive and chief underwriter of WAIG, cited figures showing that the market has traded at a loss for eight of the past 10 years, and he forecast further difficult trading conditions ahead.
See said "green governance" includes the city's multisectoral "Salaknib ti Waig" (save the river) project, which has been strengthened by active private sector participation and aims to clear the city's major river system and tributaries of pollution caused by human activities in surrounding communities.
The other approach, favored by WAIG, is for lead insurers to convince clients of the need for rate increases, then encourage followers to raise their prices accordingly.