Insurance distribution experts at RIMS' annual Riskworld conference in Atlanta, said organizations have learned that acquiring appropriate risk protection is boardroom responsibility.

Ken Griffin, Managing Director, Head of Insurance Solutions for Barings, said that while asset market values have declined, so has the market value of their liabilities.

Leah Savageau, senior fixed income research analyst who covers the banking sector for AAM said one of the bigger issues she’s noticed was more intense migration of deposits out of smaller banks versus larger banks.

A panel of risk and insurance experts at the RIMS Riskworld conference in Atlanta said business interruption and secondary perils are also rapidly evolving risks.

Fergus Critchley, head of crisis management North America at Willis Towers Watson, and Morgan Shrubb, head of North America War, Terrorism and Political Violence, Axa XL, said insurers are adding coverage elements.

Chris Sparro, CEO of North America Insurance, Sompo International Commercial P&C, and Kristof Terryn, CEO, Zurich North America, said inability to attract sufficient talent to replace its aging workforce puts the sector at risk.

Industry experts at Riskworld, the RIMS 2023 annual conference, react to a projection that the market for embedded insurance could reach $2.3 trillion in 2032.

Jennifer Santiago, president, RIMS, said this year's event, held in Atlanta, should draw 9,000 participants. Santiago spoke with AM Best TV at RIMS' annual Riskworld conference, held in Atlanta.

Scott Smith, vice president, director of safety management, Selective Insurance, discusses a survey that found 91% of motorists who drove with their dogs over the past year admitted to interacting with them while driving.

Investment experts examine the asset management trends, opportunities and risks facing today's insurance organizations.