Softening market: will underwriters hold their nerve?
Whether the softening market will see some underwriters lose their discipline and how it will reshape broker/carrier relations is the focus of the latest episode of the Insurance Post Podcast.
After several years of hard-market conditions driven by inflation, geopolitical pressures, capacity constraints, rising reinsurance costs, and growing loss severity, Paul Jewell, CEO of Bridgehaven, outlines the clear signs that the cycle is turning.
Richard Turnbull, managing director of Collegiate, and Jeremy Shallow, chief underwriting officer of Westfield Specialty International, unpack how to maintain pricing discipline, and the importance of sometimes walking away from growth to protect margins.
Jamie McDonnell, director of the London Market at Guidewire, reflects on the tools, analytics, artificial intelligence and workflows that carriers should be using to maintain pricing rigour as competitive pressure grows.
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