Webinar - The Perfect Storm - What will happen to the insurance market?
The Insurance Institute of Cardiff invite you to a webinar event on The Perfect Storm - What will happen to the insurance market?
Event Details:
Monday 20th April 2020 13:00 - 14:00 - An email link will be sent to all those who request to join the webinar.
The webinar will cover the following:
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!!
The presentation will be delivered by Alan Chandler who is one of the most popular presenters in the UK insurance market and is well known to our institute.
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 presentation will be in a webinar format via Zoom where delegates will be able to ask Alan questions at the end of the presentation. Once registered, you will be sent a link, click on this link at the allotted time. Alan will start speaking and you will see his slides. You can view it from anywhere so it will not matter if you are working at home or at the office
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 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
*** Please note booking joining instructions will be sent by 10am on Monday 20th April 2020 ***
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CII Accredited
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.