The Perfect Storm - How capacity is disappearing fast from the UK insurance market - second presentation

The Perfect Storm - How capacity is disappearing fast from the UK insurance market

By Alan Chandler, Chartered Insurer.

Alan has undertaken operational management roles in three major global companies - NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Ten years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom.

Monday 1st June : 4.00pm - 5.00pm

A MUST FOR ALL BROKING STAFF

This presentation entitled the Perfect Storm, will be exploring why capacity is draining out of the UK insurance market and why we are moving into a very hard market where niche covers will be difficult to place. It is difficult to imagine a worse start to a year for the UK insurance market than 2020, and the problem is that the market was already in all sorts of trouble coming into 2020 !!

Alan will explore how Solvency II, the recent stock market crash, Ogden, Soft rating , Floods and now Bi and Covid-19 have all combined to create the perfect storm and how rates will have to significantly increase with many high risk businesses facing the prospect of getting no alternative quotes. The webinar will allow for Q&A's at the end.

Learning objectives.

By the end of the seminar,delegates will be able to understand:
•How Solvency II has taken capacity from the insurance market;
•How the recent stock market crash will make capacity issues worse;
•How insurers have struggled because of the Ogden rate change and soft rates;
•How commercial property Insurers have probably had the worst start to a year from an underwriting perspective ever and what this will mean for rates and coverage;
•How the market will change following Covid-19 and how some risks may struggle to get any cover.

Further information.

A link will be sent via your email address supplied at the time of the booking. PLEASE DO NOT share this with anyone else.

Please note that this webinar will be hosted on the Zoom platform which may be restricted by some employers.Members may need to utilise their own personal devices in these circumstances to access the platform.