In this Insurance Institute of London (IIL) webinar, Alan Chandler will explore 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.

Alan will talk about 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.

By the end of this webinar members would have gained an insight into:

• 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 effect it will have on wordings

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