OLDWICK, N.J.--(BUSINESS WIRE)--Senior analysts from AM Best and Conning will provide an overview of the headwinds and tailwinds facing the Delegated Underwriting Authority Enterprises (DUAE) market during an analytical briefing on April 27, 2023 at 2 p.m. (EST).
AM Best Senior Director Greg Williams will be joined by William Pitt, Conning’s director of research & consulting, on the panel discussion. Sridhar Manyem, senior director, industry research and analytics, will moderate the panel discussion, which will also include AM Best Financial Analyst Riley Parnham. Williams oversees a team of analysts that includes Parnham, which is responsible for monitoring and evaluating companies that have been assigned a Best’s Performance Assessment (Best’s PA).
AM Best introduced its Best’s PA last year, providing a framework for differentiating among DUAEs. The upcoming discussion will focus on the challenges, opportunities, innovations and shifting dynamics that are taking place in the DUAE segment. Additional discussion topics will include AM Best’s outlook on this segment for 2023, recent developments in the fronting market, Lloyd’s market engagement and key lines of business that are being impacted.
Best’s PA is an industry-first tool providing an objective, independent opinion of a DUAE’s ability to perform services on behalf of its insurance partners. AM Best uses DUAE as a blanket term to capture MGAs, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. DUAEs have become an important part of the insurance value chain, with premiums having doubled globally over the last decade.
For more information about the webinar, please visit the event and registration webpage.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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