AM Best Audio Podcast

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.