Analysis

Earnings from broker schemes rise as hard market cycle persists

By 2023-11-03T12:40:00

ups and downs graph

Insurance Times picks out the best and worst performing lines from data provided by schemes software provider SchemeServe

The evidence is insurmountable – the insurance market is currently experiencing a hard market cycle. 

Indeed, earlier in summer (21 June 2023), international broker Gallagher said that while the hard market began in 2020 following a series of severe natural catastrophe events, the industry had already reached it peak and predicted the beginning of a transition towards a softer market cycle.

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