Lawrie Insurance Group

The “Hard” Versus “Soft” Insurance Market

The “Hard” Versus “Soft” Insurance Market

The insurance market is cyclical.  During a “soft” market, there’s lots of competition between companies as they try to expand their market share.  Premiums hold steady or decrease.  It’s fairly easy to get coverage for all kinds of risks.  As someone looking to buy insurance, you may have a number of options from which to choose and underwriting rules are less stringent. A “hard” market happens as positive financial results, become more difficult for insurers.  Payouts may have increased over a long period of time.  Challenging regulatory changes that negatively impact results occur and profits have declined.  As a result, insurance companies are less inclined to take on new business.  The requirements to get insurance are stricter and premiums are more expensive.  There may be attrition in the insurance market as fewer players offer coverage to consumers.  Capacity becomes scarcer….read more →

Difference Maker | Tammy Ryan

Difference Maker | Tammy Ryan

Introducing our Difference Maker Series A Difference Maker is an ordinary person who makes a positive impact on the lives of others. Every person is capable of being a Difference Maker. Each month, we recognize one of our employees for enacting a positive change in their environment. Difference Maker | Tammy Ryan President for the Brantford CYO Girls Basketball Club Tammy is the incoming President for the Brantford CYO Girls Basketball Club.  For the past 5 years, she held the Vice President and Secretary roles.  Basketball was not something she had grown up with or played as a young girl but the love of the game shown by her daughter Maddy made her look again. Maddy began playing at the age of 5.  At the time, it was her husband Art who coached Maddy’s house league teams.  Over the years and with…read more →

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