OLDWICK, N.J.--(BUSINESS WIRE)--In this A.M.BestTV episode, ahead of the annual Property Casualty Insurers Association of America (PCI) Conference in Scottsdale, AZ, Oct. 26-29, a panel of A.M. Best analysts deliver updates on six-month financial results, the reinsurance environment and key issues shaping today's property/casualty (P/C) insurance market.
On the state of the reinsurance market, Robert DeRose, vice president, said it is “definitely a buyers’ market. Companies are asking more from reinsurers and reinsurers looking to protect their market share are considering some of those companies’ requests.”
Jennifer Marshall, an assistant vice president discussed the state of the P/C industry. Marshall pointed out that A.M. Best has placed a stable outlook on the personal lines segment, due to personal lines writers continuing to look for ways to improve their underwriting standards; but a negative outlook on the commercial lines segment remains as a result of its continuing competitive environment.
Yet, despite the increase competition, low interest rates, a sluggish economy and other factors, Group Vice President Anthony Diodato sees reason for optimism. “It is a very daunting task, but despite everything that is going on in the industry, A.M. Best saw more upgrades than downgrades in the last six months, which is a hopeful sign,” said Diodato.
David Blades, senior financial analyst also appears in the episode, and talks about the state of the U.S. surplus lines market.
Click here to view the entire video program: http://www.ambest.com/v.asp?v=pcipreview1014.
This episode is excerpted from a recent A.M. Best webinar titled "State of the U.S. Property/Casualty Insurance Sector." To see the full webinar, please visit http://www.ambest.com/webinars/pc14.
Recent episodes of A.M.BestTV include:
- Symetra’s President and CEO Tom Marra on Medical Stop-Loss ‘Sweet Spot’: Tom Marra, president and chief executive officer at Symetra Financial, examines how the medical stop-loss insurance for employers that self-insure their employees’ health benefits has emerged as a growth area: http://www.ambest.com/v.asp?v=marra1014.
- A.M. Best’s London Briefing: It’s About Managing Risk Prudently: A.M. Best’s annual “Insurance Marketing Briefing – Europe,” which was held on Oct. 15. At the briefing, leading A.M. Best rating analysts and industry experts discussed the impact of current economic conditions and rating trends for insurers and reinsurers in key segments of the European insurance sector, as well as the London market: http://www.ambest.com/v.asp?v=imb11014.
- Global Risk: Insurers Respond to Ebola Outbreaks: Logan Payne, a senior account manager at Lockton Global, discusses how insurers are covering aid efforts in the ongoing Ebola outbreak as responders face hurdles: http://www.ambest.com/v.asp?v=grr1014.
- Swiss Re Group CEO Michel Liès: Great Opportunities in Catastrophe Casualty Coverage: Michel Liès, group chief executive officer at Swiss Reinsurance Company, keynote address at A.M. Best’s annual “Insurance Marketing Briefing – Europe,” in London: http://www.ambest.com/v.asp?v=lies1014.
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 Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.