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.

Optimism is being countered by an uncertain environment due to underwriting, economic, social and geopolitical factors, said Carlos Wong-Fupuy, senior director, AM Best.

Aon Edge President and CEO John Dickson said the number of people impacted by Hilary is far greater than those reporting flood losses “because not enough people in the area were carrying critical insurance…just another example of the growing insurance gap in this country.”

Sandee Perfetto, senior director, personal line coverage for products, Verisk, discusses the myriad of insurance risk differences between combustion engine automobiles and electric vehicles.

From adjusting to hybrid work to a new generation of employees, the future of work seems more uncertain than it was a few years ago. Chris Morbelli, EY Americas Life & Group Insurance transformation leader discusses the findings of a LIMRA-EY collaborative study that surveyed employees across industries and organization sizes.