Swiss Re’s Holzheu: 2023 Natural Cat Insured Losses Reach $108 Billion

High school students Timothy Chen and Aryan Mukherjee, who took part in the Modeling the Future Challenge, a competition that uses math to address real world problems, discussed their project that also used AM Best data to examine how legalized recreational marijuana could impact private passenger auto insurance rates.

John Weber sits down with Jennifer Quisenberry from New England Asset Management to revisit past conversations from the series and gain fresh insights into the investment landscape. Watch and listen as they examine the current investment outlook and review the key factors shaping today’s insurance investment environment.

Real estate, hedge funds, private equity, stocks and credit instruments create many opportunities for investment managers. A panel of leaders and experts spoke about the trade-offs of these asset classes.

It’s crucial for the industry to adapt to shifting market dynamics, regulatory changes and emerging technologies in order to effectively manage assets, a panel of industry leaders told AM Best TV.

AM Best TV hosted a panel of insurance leaders who said they believe the current economy and interest rate environment will continue to linger as the industry keeps its eye on how the Federal Reserve will respond to inflation data.

Katie McGrath, Swiss Re Corporate Solutions, and Martin Neuhaus, Munich Re, said non-modeled natural perils, particularly severe convective storms, have increased losses significantly, requiring insurers to adjust pricing and coverage. They were interviewed by AM Best TV at RIMS Riskworld 2024 in San Diego.

James Finucane, senior economist, sigma research, Swiss Re, discusses a new report that shows that strong premium gains, easing claims-cost inflation and higher investment returns are boosting US P&C industry results after a difficult period. 

AM Best Industry Analyst Helen Andersen highlights a new Best's Special Report that finds two thirds of the auto carriers whose ratings were downgraded in 2023 had innovation assessments of Moderate.

Erica Davis, managing director and global co-head of cyber, and Jess Fung, North American cyber analytics lead, both of Guy Carpenter, discuss a new report that examines the evolution of cyber modeling.

Lee Shavel, CEO, Verisk, said practical applications of generative AI include tasks such as summarizing medical files and prioritizing data in commercial property underwriting. Shavel spoke with AM Best TV at the Verisk Insurance Conference 2024, held in Orlando, Florida.