AM Best Audio Podcast

Surrendered annuity policies increased 18% through the third quarter of 2023 year-over-year, while premium growth held steady at 17%, according to a new AM Best report.

Ernst Rauch, chief climate scientist from Munich Re, discusses a recent report that shows 2023 natural disaster losses were in line with the five‑year average and just slightly above the 10‑year average.

Ram Garg, CEO, Nector Specialty Group, said SRCC-related lines have seen significant price increases in the past five years. Garg spoke with AM Best TV at the Singapore International Reinsurance Conference.

John Welch, and Tay Boon Chaun, both of Aspen Insurance Holdings, said reinsurers aim for longer-term relationships, with learning on both sides. Both spoke with AM Best TV at the Singapore International Reinsurance Conference.

Victoria Carter, chairman, global capital solutions, international, Guy Carpenter, said captive insurers at Lloyd's should benefit from reduced funding costs, robust oversight, and global licensing. Carter spoke with AM Best TV at the Singapore International Reinsurance Conference.

Tony Egerton, CEO, Nexus Asia, said greater clarity on the responsibilities and authority of MGAs would allow for greater innovation in regional Asian markets. Egerton spoke with AM Best TV at the Singapore International Reinsurance Conference.

Ivan Gonzalez, CEO, Swiss Re China, said foreign reinsurance capital remains an important element of China's insurance sector. Gonzalez spoke with AM Best TV at the Singapore International Reinsurance Conference.

Juan Marcano, principal, alternative risk transfer, CyberCube, said modeling for insurance-linked securities is expanding to include cyber, life, illness, specialty and other risks. Marcano spoke with AM Best TV at the Singapore International Reinsurance Conference.

Jayanta Guin, executive vice president, Verisk, said modeling advances allow insurers to look beyond what were traditionally considered primary perils. Guin spoke with AM Best TV at the Singapore International Reinsurance Conference.

Hui Yen, regional director, head of analytics, Asia-Pacific, Gallagher Re, said where the cost of insurance or the point at which insurance coverage begins can be a substantial portion of a company's capital. Yen spoke with AM Best TV at the Singapore International Reinsurance Conference.