MLchartDataset catalogue

Soft market

Term · Insurance and risk management · MLC-T-INS-003113

A phase in the insurance cycle characterized by abundant underwriting capacity, intense competition among insurers, and declining premium rates. During this period, insurers are eager to write new business and retain existing policies, leading to broader coverage terms and more flexible underwriting standards. This market condition contrasts with a 'hard market,' where capacity is limited and prices rise.

Table 1. Record
IdentifierMLC-T-INS-003113
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003113",
  "term": "Soft market",
  "field": "Insurance and risk management",
  "definition": "A phase in the insurance cycle characterized by abundant underwriting capacity, intense competition among insurers, and declining premium rates. During this period, insurers are eager to write new business and retain existing policies, leading to broader coverage terms and more flexible underwriting standards. This market condition contrasts with a 'hard market,' where capacity is limited and prices rise.",
  "url": "https://mlchart.com/terminology/insurance/soft-market/"
}

Record 3,150 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.