The Perfect Storm - how capacity is disappearing fast from the UK insurance market
>> Event Overview
This presentation 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 !!
The presentation will be delivered by Alan Chandler who is one of the most popular presenters in the UK insurance market.
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.
>> Learning Objectives
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 underwritng 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
>> More about our speaker
Alan has been an operations and project manager in three large global companies . NatWest insurance services , Royal Bank of Scotland insurance group and Allianz.
In the last ten years running his own training company he has taken more than 2.000 people to Acii including six people who have achieved the top ACII pass rate in the whole of the UK. He has trained national prize winners in almost all CII subjects, has been a CII examiner and has a pass rate of 96% in cii training
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.