The State of the Property/Casualty Insurance Market ...

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1 The State of the Property/Casualty Insurance Market: Underwriting Discipline Prevails Against Overcapacity

Transcript of The State of the Property/Casualty Insurance Market ...

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The State of the Property/Casualty Insurance Market: Underwriting Discipline Prevails Against Overcapacity

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About Advisen: Advisen Ltd. is a privately-owned, independent and unbiased provider

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Many Thanks to our Sponsor!

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The State of the Property/Casualty Insurance Market: Underwriting Discipline

Prevails Against Overcapacity

http://corner.advisen.com

• Paper coming soon!

• Copy of these slides

• Recording of today’s webinar

Today’s Moderator

David Bradford- President, Research &

Editorial Group, Advisen Ltd.

ADVx™ Composite & Surplus as % GDP

Today’s Panelists

Charles Dangelo

President and CEO

Starr Indemnity & Liability Company

Jeffrey Hayman

President of International Insurance Operations

Starr Companies

Maria Diaz

Director, Global Risk Management

Xerox Corporation

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What is driving the present round of rate increases? Is this trend sustainable?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

Are pricing trends more or less consistent across all lines?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

Other than rates, how are things changing in the market?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

How do U.S. market trends compare to markets in other parts of the world?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What would it take to produce another market correction like in 2001?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What is the impact of the U.S. economic recovery on the insurance market? How do changing economic conditions affect Asian

markets?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

How does Sandy differ from other big storms, and what has been the impact on the insurance market?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What is the current state of affairs as concerns terrorism insurance?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

Will the government reauthorize TRIA/TRIPRA? What happens if it doesn't?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

How important is it that insurers have a global presence?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What are the challenges in dealing with the patchwork of regulations across emerging markets?

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David Bradford- President, Research & Editorial Group, Advisen Ltd.

Charles Dangelo,

President and CEO,

Starr Indemnity &

Liability Company

Jeffrey Hayman,

President of

International Insurance

Operations, Starr

Companies

Maria Diaz, Director,

Global Risk

Management, Xerox

Corporation

What are the emerging issues risk managers should be focused on?

Many Thanks to our Sponsor!

Today’s Panelists

Charles Dangelo

President and CEO

Starr Indemnity & Liability Company

Jeffrey Hayman

President of International Insurance Operations

Starr Companies

Maria Diaz

Director, Global Risk Management

Xerox Corporation

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