SRA Professional Indemnity Insurance Data

SRA Professional Indemnity Insurance Data

In October last year, the Solicitors Regulation Authority (SRA) published Reflecting on Solicitors' Professional Indemnity Insurance (PII): market trends and analysis of historic claims data (available for download here). The SRA proposes that this document provides a foundation for discussion on possible reforms to the regulatory arrangements for solicitors' PII.

In their response to the SRA, the Law Society has raised concerns about how the data was collected, analysed and interpreted. Details of that response can be viewed here.