Property

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Insurers can take steps including viewing flood as a primary peril, writes Jason Richards, CEO of UK & I for Swiss Re.

Risk managers need to continue to review and appraise the insured value of their properties to keep up with changing conditions, said Patrick Collins, managing director at Kroll.

As construction costs continue to rise, as many as 75% of properties may be underinsured, said Lori Flemming, managing director of fixed asset advisory services for Kroll.

Jonathan Monks, Sompo International’s EVP and Head of Business Development for North American Insurance, said factors including inflation are driving rate across the market. He spoke with Insider Engage at RIMS 2022 in San Francisco.

Brazil is a country famous for its biodiversity. These days, one can even find a really rare species there: insurance underwriters that must fight tooth and nail for a clients’ business.

Some products have already peaked in terms of pricing, while others are still rising, said Jack Kuhn, president, Westfield Specialty.

Property is dominating discussions among insurers and reinsurers, even spilling into casualty talks, said Paul McKeon, President of Regional Business Units for TransRe. He recently spoke with Insider Engage Managing Editor Meg Green about challenges in the marketplace. To view the video interview, click below, or read on to see an edited transcript of the conversation.

North American property/casualty reinsurance markets are growing increasingly complex, with continued underwriting discipline needed, said Jason Busti, North America president for AXIS Re.

Noticeable changes in global adverse weather have brought climate change to the fore in (re)insurers’ analysis to risk, says Aon’s Steve Bowen.

Hemant Shah, the co-founder of Archipelago, says working directly with large commercial property risks has given him a new perspective on the insurance industry.

How Markel has found effective supply chain management can reduce overall claims costs.

CrossCover Insurance Services is targeting middle-market excess and surplus property commercial business in the United States.