ZOOM WEBINAR: The Perfect Storm
The IASG Professional Development Group are happy to announce that their next online webinar is entitled “The Perfect Storm” and 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!
This session will be delivered by Alan Chandler who provided the recent very popular webinar ‘Does my BI Policy cover Covid-19’. 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.
We will also explore, from a risk management point of view, because of the perfect storm, why it has never been more important for policyholders to be making proactive steps to improve their risks.
By attending this event 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 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 the affect it will have on wordings
Alan Chandler, Chartered Insurer, is widely regarded as one of the leading insurance presenters and trainers within the UK. He is well known to the IASG for the previous seminars and successful training programmes he has provided. He has trained many national ACII prize winners and travelled frequently across Europe (when that used to be possible) presenting on technical insurance matters.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.