What causes a market cycle and are we heading into a soft market in 2025?

What causes a market cycle and are we heading into a soft market in 2025?

– Wednesday 2 April 2025 13:00-14:00

Event Overview

Hard markets usually last around a maximum of three years and this latest one started in 2020.

This presentation, delivered by Alan Chandler one of the UK’s most popular presenters, looks at what causes market cycles in the insurance industry and what is likely to occur in 2025.

Alan correctly called the hard market in 2020, providing a presentation on the seven reasons why the market would harden. Rates have now got much higher; investment returns are now at very healthy levels and underwriting in the UK looks a lot better proposition than it did back in 2020. New entrants will be attracted to the market and existing players will look to expand capacity to take advantage of the current favourable investment conditions.

Rates will not crumble over night, but Alan predicts 2025 will see a change in demand and supply, where Insurers will have to start having to fight for more for business, and there will need to be a change in the way insurers operate.

Alan will also explore how brokers and underwriters can be successful in a softening market. Brokers have a fiduciary duty, and this means insurers cannot ask brokers to be loyal without also providing genuine benefits at renewal for the policyholder.

Whilst many people will not want to see the hard market end, history tells us it will, and not mentioning it will not stop a soft market cycle starting. This presentation will equip you for the change in the market that is on its way.

Learning Outcomes

By the end of this event delegates will be able to understand:

• What an insurance market cycle is.
• What causes a market cycle change.
• Where the market is heading in 2025.
• How brokers and underwriters can best manage the changing market cycle.
• The broker’s fiduciary duty in a softening market and why insurers cannot expect blind loyalty from brokers.

Speaker Bio

Alan Chandler is widely regarded as one of the most popular and respected insurance presenters in the world. He has taken thousands of people through to Acii qualification including many national prize winners, as well as delivering a vast array of technical presentations on Commercial and Personal lines insurances. Alan has raised the pass rates in Cii exams where he is involved from under 40% to 99% demonstrating why he is so well regarded.

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