Shifting from a Soft to Hard Insurance Market

Like all other industries, the Insurance Market experiences pricing cycles. This is identified and defined as a Hard Market vs Soft Market. These descriptors relate directly to the premium levels and underwriting attitudes by Insurers. The two major factors that influence these two ends of the cycle are Natural Disasters and Economic Activity. During a soft cycle, underwriters have a relaxed underwriting approach and deliver low premiums. During a hard cycle, the reverse occurs with toughened underwriting approach and higher premiums. Currently within Australia, the Insurance market is experiencing a hard market. Comparison of the Insurance Markets. Soft Market Lower insurance premiums; Disc

Featured Posts
Recent Posts
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Contact Us

CP Insurance Services Pty Ltd

is a Corporate Authorised representative (CAR:1235320) of McLardy McShane Partners Pty Ltd

AFSL: 232987 ABN 14 064 465 309

McLardy McShane Partners is a member of the Steadfast Group

 

Address​​​​​​: Level 3, Building 7, Botanicca Corporate Park,

                570-588 Swan St

                Richmond VIC 3121

 

                PO Box 484,

                Brentford Square VIC 3131

Proud Member of

Copyright 2018 CP Insurance Services Pty Ltd.

  • Facebook