Claims trends
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Competition and ample capacity are pushing premiums lower.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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As the industry gathers in Chicago, Insurance Insider US reviews key discussion points.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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What past trends can tell us about the future of commercial reserving.