AM Best TV & Audio
A Growing Range of Global Risks
Ships stuck in ports due to the pandemic cause concern, home insurance carriers face challenges in marketing and selling products, and confirming online identities takes various steps. AMBestTV and AMBestAudio report on stories from a number of sectors within the insurance industry.
- September 2020
Insurance and technology experts, Peter Drogan, senior vice president and chief actuary, Amica Mutual Insurance Co.; Stuart Rose, head of product marketing, Shift Technology; and Kelly Rush, director, Home Solutions, LexisNexis Risk Solutions, discuss how home insurance carriers are changing the way they market and sell their products.
Cruise ships, and cargo ships, grounded due to the pandemic are among risks requiring “constant vigilance,” said Andrew Kinsey, senior marine risk consultant, Allianz Global Corporate & Specialty.
Jena Kennedy, senior director, LexisNexis Risk Solutions, said confirming online identities requires a range of personal, digital and behavioral indicators.
Ronnie Gibson, vice president, FM Global, said the company’s study of 130 nations shows that resilience doesn’t mean nations can escape the impact of developments such as COVID-19, but that resilient areas recover more quickly.
The current economic crisis is contracting the market, but premiums could return to pre-COVID-19 levels in 2021, said Thomas Holzheu, chief economist, Americas, Swiss Re.
The proposed Totus Re, a collective, would proactively backstop pandemic, flood, terrorism and cyberrisk in the U.K., said Liz Foster, non-executive director, Society of Insurance Broking at Chartered Insurance Institute.
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Risks Can Range From Cyber Events to Wineries
Industry professionals talk with AMBestAudio about the growing need for cyber coverage and also how drones help manage risks.
Meghan Hannes, cyber product head at Hiscox US, discusses a new awareness report and how companies should prepare for hacks.
Larry Chasin, CEO, PAK Programs and Justin Guerra, creative director, PAK Programs discuss the various uses of drones to manage and mitigate risk when it comes to wineries and how policyholders are reacting to the technology.
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