Insurance news, interviews, rating announcements and more.
Ram Garg, CEO, Nector Specialty Group, said SRCC-related lines have seen significant price increases in the past five years. Garg spoke with AM Best TV at the Singapore International Reinsurance Conference.
John Welch, and Tay Boon Chaun, both of Aspen Insurance Holdings, said reinsurers aim for longer-term relationships, with learning on both sides. Both spoke with AM Best TV at the Singapore International Reinsurance Conference.
Victoria Carter, chairman, global capital solutions, international, Guy Carpenter, said captive insurers at Lloyd's should benefit from reduced funding costs, robust oversight, and global licensing. Carter spoke with AM Best TV at the Singapore International Reinsurance Conference.
Tony Egerton, CEO, Nexus Asia, said greater clarity on the responsibilities and authority of MGAs would allow for greater innovation in regional Asian markets. Egerton spoke with AM Best TV at the Singapore International Reinsurance Conference.
Ivan Gonzalez, CEO, Swiss Re China, said foreign reinsurance capital remains an important element of China's insurance sector. Gonzalez spoke with AM Best TV at the Singapore International Reinsurance Conference.
Juan Marcano, principal, alternative risk transfer, CyberCube, said modeling for insurance-linked securities is expanding to include cyber, life, illness, specialty and other risks. Marcano spoke with AM Best TV at the Singapore International Reinsurance Conference.
Jayanta Guin, executive vice president, Verisk, said modeling advances allow insurers to look beyond what were traditionally considered primary perils. Guin spoke with AM Best TV at the Singapore International Reinsurance Conference.
Hui Yen, regional director, head of analytics, Asia-Pacific, Gallagher Re, said where the cost of insurance or the point at which insurance coverage begins can be a substantial portion of a company's capital. Yen spoke with AM Best TV at the Singapore International Reinsurance Conference.
Anjali Nagrani, principal product advisor, CyberCube, said the cyber insurance niche is evolving and complicated. Nagrani spoke with AM Best TV at the Singapore International Reinsurance Conference.
Himavant Mulugu, director for impact forecasting, Aon, said developing risk models and forecasting involves hydrologists, statisticians, programmers, and experts in financial mathematics, probability, and extreme value theory. Mulugu spoke with AM Best TV at the Singapore International Reinsurance Conference.
Pavlos Spyropoulos, regional managing director, Asia, Tokio Marine Kiln, cited increased costs in labor and materials for property rebuilding as an example of how inflation can escalate claim costs. Spyropoulos spoke with AM Best TV at the Singapore International Reinsurance Conference.
Javkhlant Batmunkh, Mongolian Re, said the Mongolian government is moving toward a broader disaster risk framework. Batmunkh spoke with AM Best TV at the Singapore International Reinsurance Conference.
Ian Lim, CEO, Lexasure Financial Group, said digitally enabling client companies helps to provide support to a wide range of coverage areas. Lim spoke with AM Best TV at the Singapore International Reinsurance Conference.
Chris Lim, Yi Ding and Ken Lau, all of AM Best, said the calibration of an NSR is specific and unique to each country. The three spoke with AM Best TV at the Singapore International Reinsurance Conference.
Ahmad Noor Azhari, CEO, Malaysian Re, cautioned that some insurance companies view reinsurance as a tool to propel top-line growth. Azhari spoke with AM Best TV at the Singapore International Reinsurance Conference.
The pace of change will never be this slow again, said Mo Tooker, head of Enterprise Sales & Distribution, Global Specialty, and Middle & Large Commercial, Hartford Financial, referencing the insurer's new Risk Monitor Report.
Allianz Report Identifies Major D&O Risk Trends Vanessa Maxwell, global head of financial lines for Allianz Commercial, discusses the company's recently released report that identifies the major directors and officers risk trends for 2024, including insolvencies, artificial intelligence and geopolitical risks.
Standard and nonstandard auto insurers are challenged by higher repair costs, labor and supply chain issues, and rising fatalities, said AM Best Associate Director David Blades and Associate Analyst Nasheeta Mahbub.
The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham.
Tresa Stephens, North American Head of Cyber for Allianz, details a new company report that looks at trends in cybersecurity. Trends show an increase in attacks that exploit software vulnerabilities and aim at digital supply chains.
Shireen Gammoh, global head of capital advisory and modeling, Gallagher Re, said insurers must consider volatility and tools to protect capital segments. Gammoh spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Cameron Parker, head of P/C structured solutions, EMEA, Swiss Re, said investor appetite has shifted in search of higher returns. The insurance industry's recent performance has also sharpened concerns about delivering stable returns. Parker spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Andy Moore, London Market leader and UK insurance regulatory leader, PwC, said higher rates and increasingly complex, interconnected risks require insurers to pay close attention to how they deploy capital. Moore spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Adrian Cox, chief executive officer, Beazley, said the role of insurance extends beyond just pricing risk; it includes providing insight, risk management, and enabling progress. Cox spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Kanika Thukral and Michael Dunckley, both associate directors, AM Best, also review changes to AM Best's holding company capital methodology. Both spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Tony Silverman, director, credit rating criteria, research & analytics, AM Best, said combined ratios in non-life insurance will change, improving the quality of financial indicators. However IFRS 17 will mean that comparisons with other accounting standards such as US GAAP will require interpretation. Silverman spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Mahesh Mistry and Angela Yeo, both senior directors and heads of analytics, AM Best, said global insurers face scenarios of polycrisis and permacrisis that are redefining markets and broadening the risk environment. Both spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Greg Carter, managing director, analytics, AM Best, said reinsurers are refocusing on traditional role of balance sheet protection rather than on smoothing earnings or managing income statements. Carter spoke with AM Best TV at AM Best’s Europe Insurance Market & Methodology Briefings – London.
Tony Fenton, vice president of underwriting and product at Nationwide Property & Casualty, discusses a new survey that shows that while most business owners feel prepared for severe weather, their insurance agents aren’t so sure.
Alison Salka, senior vice president, director of research, LIMRA and LOMA, said life insurance execs name profitable growth and leveraging technology as top challenges; less than a third consider their companies well equipped to meet that challenge.
