What is the Definition of Soft Market?

What is the Definition of Soft Market?

An environment where insurance is plentiful and sold at a lower cost, also known as a buyers’ market. (See Property/casualty insurance cycle)

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Soft Market?

You can find random definition and meaning of insurance terms below:


What is the meaning of Provider Sponsored Network (PSN)

formal affiliations of providers, sometimes called "integrated delivery systems", organized and operated to provide an integrated network of health care providers with which third parties, such as insurance companies, HMOs, or other Health Plan Companies, may contract for health care services to covered individuals. Some models of integration include Physician Hospital Organizations, Management Service Organizations, Group Practices Without Walls, Medical Foundations, and Health Provider Cooperatives.


What is the meaning of Provisions

contingencies outlined in an insurance policy.


What is the meaning of Proximate Cause

event covered under insured's policy agreement.


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