AM Best to Host Webinar on United Kingdom and London Non-Life Insurance Market

Business Wire

LONDON--(BUSINESS WIRE)-- AM Best will host a complimentary webinar on Wednesday 6 May 2020 at 14:00 BDT London (GMT +1). AM Best has maintained its negative outlook on the U.K. non-life sector reflecting the expectation of lower premium volumes due to a COVID-19-driven economic slowdown, as well as persistent pressure on underwriting performance from strong competition and claims inflation. Changes to the personal injury compensation system set out in the Civil Liability Act 2018 should be a positive for motor insurers' claims experience, but many of the provisions are yet to be implemented, and the majority of savings are expected to be passed to policyholders in the form of premium reductions.

In the London market, an improving pricing environment and better underwriting discipline are expected to support performance this year. However, there is considerable uncertainty as to the impact of COVID-19 claims on the market and expense ratios remain stubbornly high.

In this AM Best webinar, analysts will discuss how these trends are affecting companies operating in the U.K. non-life sector, including the London market, and provide an update on the potential impact of COVID-19 on earnings and balance sheets.

Join our panelists to discuss all these issues and much more in another insightful webinar session with leading analysts from AM Best. Register at: www.ambest.com/webinars/non-life.

Speakers include:

Catherine Thomas, senior director, analytics, AM Best; and
William Keen-Tomlinson, senior financial analyst, AM Best.

The webinar will be moderated by John Weber, senior associate editor, AM Best.

Attendees can submit advance questions during registration or by emailing [email protected]. Playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.