ICMIF Supporting Member AM Best will host its Europe Insurance Market & Methodology Briefings next week (Wednesday 9 November 2022) as an in-person event in London; and have just announced that attendees can now join virtually as it announces a hybrid format for the market and methodology briefing.
Details of how to register for the virtual or in-person event can be found here.
This year’s insurance market briefing will feature AM Best rating analysts and industry leaders discussing and presenting their analysis of and perspectives on the insurance industry in times of increased uncertainty.
Topics to be addressed at this year’s conference will include:
- Pulse check on global reinsurance
- How insurers are responding to rising geopolitical tensions and abiding protectionist environments
- Inflationary pressures and implications for reserving
- Panel discussions on tackling cyber risk as a growing concern and how the market can achieve cyber resilience
- The market for Delegated Underwriting Authority Enterprises (DUAEs*) and Best’s Performance Assessment for DUAEs (Best’s PA for DUAEs)
Additional key themes will be addressed through a number of sessions based on recent AM Best Research.
The popular annual methodology briefing will examine the latest developments in rating criteria. It will provide participants with insight on how Best’s Credit Rating Methodology (BCRM) and its proprietary Best’s Capital Adequacy Ratio (BCAR) model respond to new industry trends.
Full details of the briefing and speakers can be found here.
Global reinsurance report
In September, AM Best published its latest report Global Reinsurance: More Stable and Improved Results Following Shift from Property Catastrophe Risks. As reinsurance industry participants from across the globe prepare to gather in Monte Carlo for the annual Rendez-Vous de Septembre, AM Best’s latest research paints a very mixed picture for the industry globally.
Now available in one comprehensive report, featuring exclusive extra content, AM Best’s in-depth analysis of key segments and regional markets across the global reinsurance industry reveals a bevy of challenges. These headwinds include looming inflation and recession risks to available capital; investor risk tolerance tested from recent half decade natural catastrophe activity; potential weakening of risk-adjusted capitalization positions as capital utilization remains flat; and a growing investor uncertainty in the ILS sector with implications for the supply of capital.
A copy of the full report is available here for download.
This report was published as part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.
Additional reports, including AM Best’s annual ranking of the Top 50 global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life reinsurance, mortgage and regional reinsurance markets, will be available during August and September.
*DUAE is used as a blanket term to capture Managing General Agents (MGAs), Managing General Underwriters (MGUs), Coverholders, Programme Administrators, Programme Underwriters, Underwriting Agencies, Direct Authorisations, and Appointed Representatives.