Webinar: Summary of the market cycle

Join us for a presentation by Alan Chandler, one of the UK's most popular presenters, as he explores the causes of market cycles in the insurance industry and forecasts a potential soft market in 2024. Having accurately predicted the hard market in 2020, Alan will discuss the seven reasons behind market hardening, the current high rates, and favorable investment returns that are attracting new entrants and expanding existing capacity. While rates are not expected to drop overnight, 2024 may see a shift in demand and supply, compelling insurers to compete more aggressively and possibly change their operational approaches, such as improving broker communication. Alan will also provide insights on how brokers and underwriters can thrive in a softening market, emphasizing the importance of genuine benefits for policyholders at renewal. This presentation will prepare you for the anticipated market changes ahead.

Alan 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's webinars have been viewed across Europe, Asia, Africa, Australia, North America and South America and his audience numbers last year were well over 100,000. He has devised and delivered training programmes for major insurers and brokers including Zurich, Allianz, Aviva, Hiscox, Lloyd’s, NIG, NFU, Gallagher, Aon, Towergate, Brown and Brown, Aston Lark/Howdens, James Hallam and Marsh as well as for the Chartered Insurance Institute.

Alan has undertaken operational management roles in three major global companies running underwriting and broking functions. In order to fulfil a long-term ambition, he set up his own insurance training company, something that he had always longed to do as he is passionate about

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 2024.
• 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.

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