Insurance news, interviews, rating announcements and more.
A panel gathered by AM Best TV at the WSIA Annual Marketplace in San Diego said a shift toward longer-tail claims represents a change in the cyber insurance landscape to which the industry is still adjusting.
Peter Drogan, SVP and chief actuary, Amica Mutual Insurance Co., explains that aided by advanced analytics, AI-driven tools, and an increasing need for long-term risk management, today’s actuaries are adapting to powerful new methods that enhance their expertise.
AM Best Senior Industry Research Analyst David Lopes discusses a new Best's Special Report that finds, despite the rise in holdings, investment income declined for a second straight year.
Scott Smidlein, head of the energy practice at HSB, said the sector has to be aware of policy lag and not rely on outdated forms to keep up with a quickly evolving risk landscape.
Stewart Foley, host of the InsuranceAUM podcast, discusses how he delves into the latest trends, challenges and opportunities to provide listeners with perspectives and practical advice in the world of insurance asset management.
Chantal Roberts, CMR Consulting, discusses her new book "Once Upon a Claim, Fairy Tales to Protect Your Assets." The book incorporates insurance principles into familiar fairy tales, nursery rhymes and fables to make complex concepts more accessible.
AM Best TV hosted a panel discussion about insurers developing strategies and confronting challenges while launching evolving technology in the industry.
AM Best TV hosted a panel discussion about evolving technology that’s proven to be innovative, revolutionary and successful in the industry.
AM Best TV hosted a panel discussion about the development of cutting-edge technologies and their integration into the insurance industry.
A panel gathered by AM Best TV at NAMIC's 129th Annual Convention said a new report identifies how legal system abuse and social inflation affect different regions. The report emphasizes the importance of integrated claims, underwriting, and actuarial functions in high-performing mutual insurers.
Stephen Crewdson, senior director of insurance business intelligence at J.D. Power, details the findings of a new survey that shows “great trends” when it comes to the happiness of independent insurance agents.
AM Best Senior Industry Analyst Christopher Graham discuss a new Best's Special Report that finds private insurer appetite for flood risks appears to be sluggish.
David Self, chair, Cayman International Reinsurance Companies Association said “there's a huge opportunity coming out of the life and annuity space in the US”. André Ebanks, minister for financial services and commerce, minister for investment innovation and social development, and deputy premier of Cayman Islands went on to say that “Cayman is committed to a very robust regulatory regime that drives deals”.
Marc Rothchild, SVP and Head of Claims at Xceedance, explained that his team is fully equipped to understand the guiding principles of artificial intelligence.
A panel at the WSIA Annual Marketplace in San Diego said private insurers are assessing their appetite for flood risk due to changing climate conditions and increased frequency of severe storms.
Rik Goyton, SVP for CAC specialty says that significantly rising defense costs, increased SEC activity and a resurgence of securities class action filings are a few of the most top-of-mind trends impacting the D&O market so far in 2024.
AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham discuss a new Best's Commentary that finds newly formed take carriers will be severely tested as affordability and availability issues will be exacerbated.
Neil Sprackling, CEO US Life and Health, Swiss Re says that despite projected excess mortality continuing in the US for the next 10 years, COVID-19 pandemic-linked excess mortality may disappear by 2028, reverting to pre-pandemic expectations.
Karen Clark, co-founder and CEO of risk modeler KCC, said that while Hurricane Milton and accompanying tornadoes ravaged Florida significantly, the results could have been much worse.
A panel gathered by AM Best TV at the WSIA Annual Marketplace conference in San Diego said the excess and surplus sector has evolved from being perceived as a market for hard-to-place risks to becoming a staple in the insurance community.
Marcia Blanco, head of financial lines at Munich Re Specialty, said as a result of regulatory claims, defense costs for directors and officers have skyrocketed.
AM Best Financial Analyst Lauren Magro discusses a new Best's Market Segment Report finding that P/C mutuals report surplus growth, and pursue rate adequacy amid another year of increasing severe storm frequency.
Dan Law, head of the cyber practice at HSB, said small and medium enterprise businesses have been slow to adopt cyber protection into their coverage, however insurers need to focus on bringing a product to that market that makes sense.
Neil Alldredge, president & CEO, NAMIC, said that while new mutual formations are rare, existing companies are expanding into new lines of business and geographic areas. Alldredge spoke with AM Best TV at NAMIC's 129th Annual Convention, held in Denver.
The panel also addressed potential pitfalls of innovation, such as the challenges of pricing products before knowing their true cost and the need for strong balance sheets to support innovative ventures. Panelists spoke with AM Best TV at the WSIA Annual Marketplace in San Diego.
Bryan Hodgens, senior vice president and head of research, LIMRA and LOMA, said annuity sales surged 19% to $215.2 billion, with fixed index and registered index-linked annuities setting new records, according to LIMRA’s U.S. annuity sales survey.
Aaron VanTuyl and Matt Baide, podcast hosts, Washington State Office of the Insurance Commissioner, discuss the "OIC Answers" podcast that seeks to inform Evergreen State consumers on a wide range of insurance topics.
Gary Wang, senior consulting actuary for Pinnacle Actuarial Resources, said that the issue of fairness is a very common social discussion that’s taking place across a wide spectrum of industries, and insurance is part of that.
AM Best Director Doniella Pliss highlights a new Best's Market Segment Report that finds growing health care utilization and medical inflation are expanding the role of health reinsurance.
