Insurance news, interviews, rating announcements and more.
Amid concerns about equity market volatility, investors are becoming more conservative and more interested in adding annuities to their portfolios, said John Carroll, LIMRA senior vice president and head of insurance and annuities - U.S. and Canada.
An insurance and technology professional reviews the issues shaping the industry's integration of artificial intelligence.
AI is changing risk selection, marketing and policyholder relations. Regulators are increasingly skeptical of insurers who can't explain how their own algorithms work.
Which jobs are at risk, and which have been enhanced in selling, underwriting, claims, asset management, operations and more? How can insurance professionals avoid occupational obsolescence?
What functions will be handled substantially by AI, and what insurance functions, if any, will AI never perform? What are insurers' best practices for integrating AI?
Christoph Nabholz, Swiss Re Institute chief research & sustainability officer and head of the research, engagement & sustainability team, discusses a company report examining emerging risk themes and trend spotlights facing the insurance industry.
P/C mutual insurers’ profitability struggled in 2022, despite considerable premium growth, said AM Best Financial Analyst Lauren Magro, referencing a new Best's Market Segment Report.
Zelros co-founder and CEO Damien Philippon discusses the benefits and growing use of generative artificial intelligence in insurance, including automation, risk assessment and helping to identify necessary coverages.
Tim Antonelli, Head of Insurance Multi-Asset Strategy and Portfolio Manager for Wellington Management, shares the top trends he’s seeing across insurers of all sizes and types, views on inflation, and ideas on how to navigate 2024.
Arun Balakrishnan, CEO and co-founder of Xceedance, advocates a transformative approach for insurers.
Understanding markets and the pressures associated with risk helps business evolve, said Scott Egan, chief executive officer, SiriusPoint. Egan spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Reinsurers are pricing the risk, investing in the risk on the asset side and underwriting the risk, positioning them to cope with the challenges today and tomorrow, said Jerome Haegeli, group chief economist of Swiss Re.
The traditional commercial portfolio now includes elements of cyber, engineering, political violence and contingency, said Waleed Jabsheh, CEO of International General Insurance.
Reinsurance and ILS markets have shown underwriting discipline, important because much of the past 10 years was not so positive for many industry participants, said Henning Ludolphs, managing director, retrocession and capital markets, Hannover Re.
With more than 200 million entrants into the middle class each year, the region offers growth in property, pension, life and health, said Peak Re CEO Franz-Josef Hahn. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
The decision to purchase capacity directly via the treaty route has allowed an insurer to control its own destiny, said Jamil Elbahou, CEO and underwriting chief, Connect Underwriting. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Efforts such as cyber hygiene, flood prevention and making base products simpler and more accessible are paramount to closing the protection gap, said Patrick Tiernan, chief of markets, Lloyd’s. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
The reinsurance sector must prove that it’s worthy of capital support, and continuing its recent trading history of decent returns can go a long way, said Mark Cloutier, executive chairman and group CEO, Aspen. Cloutier spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Insurance-linked securities, parametric and catastrophe bonds, and other private instruments can help nations outside the United States and Western Europe transfer risk, said Kirill Savrassov, chief executive officer, Phoenix CRetro Ltd. Savrassov spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
The underwriting community must prove to investors conditions are sustainable, and that it can again make sensible returns for stakeholders, said Alex Maloney, CEO, Lancashire Group. Maloney spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
There’s an understanding that reinsurers must make money and insurers must pay a reasonable amount for the protection they’re seeking, said Julian James, chief executive officer, global markets, Sompo International Commercial P&C. James spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
With computing power increasing, a more comprehensive data set can be used to analyze and assess risks, said Carsten Prussog, chief executive, United Kingdom, Ireland, Netherlands and Nordics, Munich Re. Prussog spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Praedicat President and CEO Robert Reville said the abundance of data and greater use of models and property catastrophe experience make it possible to manage new risks in better ways. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Relative value investors come in and out of insurance-linked securities, while strategic investors consider ILS part of their long-term portfolio, said John Modin, president, Mt. Logan Re Ltd. Modin spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
A sizable supply and demand gap lingers and pent-up demand from cedents continues to grow, which could result in terms and conditions remaining tight, said Everest Group President and Chief Executive Officer Juan Andrade. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Discussions have highlighted growth, acquisition and development of new products, solutions and opportunities, said Isabelle Santenac, global insurance leader, EY. Santenac spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Attitude of investors is different from last cycle, as now capital largely goes through the ILS market while collateralized cover enters the market, said David Flandro, head of industry analysis and strategic advisory, Howden Tiger. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
While macroeconomic concerns about portfolios exist, the ILS market could have a new player, cyber, which has growth potential, rate adequacy and an attractive risk profile, said Kathleen Reardon, CEO, Hiscox Re & ILS. Reardon spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Successful managing general agents focus on underwriting, providing coverages and innovating, rather than simply promising their clients growth, said Matthew Mosher, president and CEO, AM Best Rating Services, and Andrea Keenan, EVP & chief strategy officer, AM Best. They spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
A panel of industry experts at the Rendez-Vous de Septembre in Monte Carlo said a large gap remains between coverage needed and protection bought.
