A.M. BestTV: Issues Loom for Western European Insurers, Says A.M. Best Managing Director

OLDWICK, N.J.--()--In this A.M.BestTV episode, Greg Carter, A.M. Best managing director, analytics, reviews highlights of a recent report that examines the credit quality of Western European insurers, as well as the interest rate environment and political and regulatory issues that are impacting the sector. Click on http://www.ambest.com/v.asp?v=wetrends317 to view the entire program.

“It has been an unprecedented period of time that Western European insurers and reinsurers have been in this long period of an utlra-low interest rate environment,” said Carter. “And whilst there are some indications, particularly in the United States, that rates may start to rise, I think it is still a long way to go for European interest rates.”

However, Carter said in the past year he has seen that the credit quality of the industry has remained stable. He believes this stability is due to the industry historically having and maintaining a strong capital position. He noted that, “this industry is highly regulated and requires companies to maintain adequate capital.”

He also said he believes that Solvency II requirements have been a principal benefit to the enterprise risk management culture.

Looking to the future, Carter said, “There are no major surprises around the corner that A.M. Best is aware of. Nevertheless, companies are thinking ahead and preparing for challenges, which may arise from political and economic issues.”

To view the Best’s Special Report on Western European insurers and reinsurers, titled, “Western European Insurers Enjoy Stability but Diverse Pressures Persist,” go to http://www3.ambest.com/bestweek/purchase.asp?record_code=258180.

Recent episodes of A.M.BestTV include:

  • Professional Lines Attracts Host of Competitors, Says A.M. Best Senior Industry Analyst: A.M. Best Senior Industry Analyst David Blades reviews a new special report that examines how new competition is driving premium growth for the U.S. professional liability segment: http://www.ambest.com/v.asp?v=proliability317.
  • Middle Eastern Insurers Face Market, Regulatory and Economic Forces, Says A.M. Best Senior Director: A.M. Best Senior Director of Analytics Mahesh Mistry reviews a new special report that examines the regulatory and economic environments for insurers and reinsurers in the Middle East region. The report also says insurance growth in the Middle East has attracted competition: http://www.ambest.com/v.asp?v=menatrends317.
  • No Shortcuts to Digital Transformation, Say McKinsey & Company Analysts: A panel of leading executives from McKinsey & Company discusses the promises and pitfalls of insurance digital transformation: http://www.ambest.com/v.asp?v=mckinsey317.
  • Cyber Models Aim to Measure Aggregate Exposures, Says A.M. Best Chief Rating Officer: A.M. Best Senior Managing Director and Chief Rating Officer Stefan Holzberger reviews how cyber insurance fits into the rating process and how it is becoming an integral part of various organizations’ risk management: http://www.ambest.com/v.asp?v=cyber317.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Company, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Lee McDonald, +1 908 439 2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com

Contacts

A.M. Best
Lee McDonald, +1 908 439 2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com