Industry must move to tackle ‘perilous’ ambiguity of wordings: Pat Ryan
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Industry must move to tackle ‘perilous’ ambiguity of wordings: Pat Ryan

Ryan Specialty logo 2022 with Pat Ryan chicago.jpg

Tightening wordings and eliminating ambiguity is an “absolute must” for the insurance market to counter the surging size of claims, according to Ryan Specialty CEO Pat Ryan.

The seasoned executive said having ambiguous wordings was a “perilous position to be in”, which had been underlined by the experience of unanticipated Covid-19 losses.

“Tightening

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