MLchartDataset catalogue

Hard market

Term · Insurance and risk management · MLC-T-INS-001706

A phase in the insurance cycle characterized by rising premiums, stricter underwriting standards, reduced capacity, and more restrictive coverage terms. During a hard market, insurers become more selective in the risks they underwrite due to factors like increased claims, reduced investment income, or catastrophic losses. This environment makes obtaining coverage more challenging for buyers.

Table 1. Record
IdentifierMLC-T-INS-001706
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001706",
  "term": "Hard market",
  "field": "Insurance and risk management",
  "definition": "A phase in the insurance cycle characterized by rising premiums, stricter underwriting standards, reduced capacity, and more restrictive coverage terms. During a hard market, insurers become more selective in the risks they underwrite due to factors like increased claims, reduced investment income, or catastrophic losses. This environment makes obtaining coverage more challenging for buyers.",
  "url": "https://mlchart.com/terminology/insurance/hard-market/"
}

Record 1,611 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.