Solvency II/Ogden The Perfect Storm

Brokers/Insurance company staff, if you do no understand what Ogden and Solvency II is doing in your market place then you will be failing your clients - this presentation will help you understand all the changes going on in your market.

The UK Insurance market along with the rest of Europe is completely changing because of Solvency II. Since its implementation it has largely gone under te radar, however it is causing massive changes to the UK insurance market place and what we are seeing is only the beginning. The change in th Ogden table rate has speeded up the changes caused by Solvency II and together they are causing the perfect storm.

Learning Objectives

• Understand Insurers Solvency margins
• Obtain an overview of Solvency II
• Understand the current position of the Ogden table changes
• Understand and be able to explain to your clients how Solovency II and Ogden is affecting the cover and premium being offered by the market

Speaker

Alan Chandler will explain, in plain English, the background of why solvency margins are so important. He will show how Solvency II operates and how it is changing our market place. Alan will use this presentation to explain where we are now with Ogden, what may or may not happen next and how the combination of Solvency II and Ogden will continue to create changes in the market place, with insurers reducing appetite in high risk classes of business and how many insurers and MGA's may well struggle unless they have a great business model

Networking

At the conclusion of the session a buffet and drinks will be served to offer the chance to network amongst your peers.