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In a wide ranging interview, Marc Adee, CEO of Crum & Forster, discusses the company's 200th anniversary, market conditions, where the company is seeing growth opportunities, and the impact of technology on the sector. -
In Partnership With KBRAMeg Green sits down with Peter Giacone, senior managing director at KBRA, to talk all things ESG, climate change and ratings.
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"We are being very careful about how we allocate our natural catastrophe capacity," says Dunleavy.
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The biggest challenge facing insurers today is the need for the industry to come together to collaborate and find solutions for emerging risks, said Chris Sparro, CEO North America, Sompo International Commercial P&C Insurance.
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Andy Hottinger discusses the potential impact of COVID-19 and climate change on lines like casualty, motor, health, and professional liability.
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The management liability market has been in flux in recent years, facing pressures including increased claims, social inflation and hardening rates, said Mark Paccione, Head of Commercial Management Solutions for AXIS Insurance.
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Before insurers can choose to retain, reduce or transfer cyber risk on their balance sheet, they need to understand the complexity and interconnectivity of the cyber risk, said Lori Bailey, chief insurance officer, Corvus.
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The rise of ransomware attacks has lead some underwriters to raise rates and pull back on capacity, said Catherine Mulligan, head of cyber for Aon Reinsurance Solutions, at the Joint Industry Forum in New York.
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Taking single-minded steps to reduce the risk of ransomware attacks could open companies up to other vulnerabilities, said Chris Beck, a managing director with Milliman.
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Real events are necessary to test, and continually update, the accuracy of catastrophe models, said Karen Clark, founder and CEO of Karen Clark and Co.
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The Institutes' new blockchain app could speed up claims, and its exploration into NFT could transform the industry, said Peter Miller, president and CEO of the Institutes.
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A public/private partnership similar to crop insurance or TRIPRA is needed to manage pandemic risk, said Paul Horgan, head of U.S. National Accounts, Zurich North America.
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Accident & Health insurance, which has focused on professional athletes in the past, is expanding to e-sports and space travel, said Guy Bonwick, Head of International A&H for AXIS Insurance.
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The biggest challenge that insures face today is using all of their data to make the best decisions, said David Flandro, head of analytics for Howden HX.
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Studies of the Lloyd’s market typically seek out the view of underwriters and brokers, the engine room of the industry, but what about the chief financial officers? Aon and the Lloyd’s Market Association teamed up to find out more about how CFOs see the market and the vital questions of capital management.
