AM Best TV & Audio
Insurance Industry Can Help Others in Their ESG Journey, Scor Executive Says
Also, industry professionals discuss growth in Africa’s reinsurance market and explore the robust international specialty market.
- November 2022
The industry can play a role in helping the energy transition by offering new products and combining others into an offer that is appealing to banks, construction companies and energy providers, said Scor Global P&C CEO Jean-Paul Conoscente, who spoke with AM Best TV at the Rendez-Vous de Septembre.
Opportunities in the life sector, growing demand and low penetration rates have left the continent to face liquidity challenges in U.S. dollars and hard currency, said Corneille Karekezi, group managing director/CEO, Africa Re. Karekezi spoke with AM Best TV at the Rendez-Vous de Septembre.
Companies must first recognize the hardening market, then have the courage to take action by setting portfolios to accurately reflect what is happening in the market, said Nancy Bewlay, CEO, reinsurance, Axa XL. Bewlay spoke with AM Best TV at the Rendez-Vous de Septembre in Monte Carlo.
A hard market remains in the international market. Growth will come from different product lines, such as E&S and on the retail side, said Westfield Specialty President Jack Kuhn. He spoke with AM Best TV at the 2022 WSIA Annual Marketplace in San Diego.
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Insurers Use Data and Analytics to Mitigate Cargo Ship Fire Risk
Also, AM Best Audio explores how falling car sales are negatively affecting auto insurance shopping.
Sean Dalton, Munich Re’s head of marine underwriting in North America, discusses the prevalence of cargo ship fires and how insurers and shippers are working together using data and analytics to reduce risk and make the high seas safer.
Adam Pichon, vice president and general manager, personal lines insurance, LexisNexis Risk Solutions, discusses the company's most recent Insurance Demand Meter that shows auto-buying headwinds with insurance sales facing similar hurdles.
Visit www.ambest.com/ambaudio to listen to new and archived audio from AM Best Audio.