D&O premiums for the mineral exploration industry remain low in comparison to other public company industry groups. However, the prevailing hard market conditions, coupled with an increase in claims have impacted D&O premiums and has lead to the market increasing rates. In reflection of this we have updated our guide to more accurately reflect market pricing in 2022. While the increases are relatively minor, we would caution that many insurers are taking a more stringent view of companies interlisted on the OTC markets QX or QB, US reporting issuers as well as companies that are nearing development stage.
There is considerable pricing mismatch between insurers and we would urge you to contact us if your pricing falls outside our 2022 guidance.
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For more white paper and guides, please check out our Resources section.
In addition to pricing, both scope of policy coverage and insurer commitment to the industry are issues to watch for in 2022. Axis is always available to complete a Free audit of your D&O insurance program. Ask us for more details.
For more information please contact an Axis team member and we'll be able to assist with any questions you might have.
