As a part of the AAIS Pulse: Chicago presentation, Stefan Holzberger, Chief Rating Officer & Senior Managing Director with AM Best, sat down with AAIS's VP of Products, John Kadous, to discuss issues that are currently putting pressure on property casualty insurers and their bottom lines. Those issues included COVID-19, the economy, inflation, interest rates, global warming and natural catastrophe losses, international geopolitics, and more. 

The conversation looked closer at insurers' financial health, potential ratings actions, as well as what AM Best is looking for from insurance executives facing stiff headwinds in the market.

As a part of the AAIS Pulse: Chicago presentation, Dr. Bob Hartwig, the director of the Risk and Uncertainty Management Center and clinical associate professor at University of South Carolina, sat down to shed light on the economy, inflation and government actions impacting the insurance industry at a time when losses from natural catastrophes are hurting underwriting results and the availability of reinsurance.

Jon Godfread is currently North Dakota’s 22^nd Insurance Commissioner. Through his work he prioritizes consumer advocacy and works to ensure that North Dakotans are better aware of the services offered by the North Dakota Insurance Department, beyond industry regulation. He is active, on a national level, starting discussions surrounding insurance regulation including the use of technology, air ambulance service, and health care reinsurance.

Recent discouragement of charging electric vehicles (EVs) by officials in California in the wake of a severe heatwave prompted further research into power generation, EV charging needs and efficiencies as we move towards an “all-electric” future.

In this edition of CEO Angles, the topic turns to the tremendous changes affecting the Inland Marine insurance market. From supply chain issues and driver shortages to government infrastructure spending, automation, even cryptocurrency, all are putting pressure on inland marine underwriters to respond.

Dr. Matt Hinds-Aldrich, Senior Risk Strategy Lead, was a recent guest on the FNO: InsureTech podcast, joining hosts Rob Beller and Lee Boyd to talk about how new thinking around data can enhance insurers’ ability to measure, rate, and mitigate fire risk and the challenges associated with insuring the peril, particularly in wildfire-prone areas such as California.

Phil Klotzbach, Research Scientist at the Colorado State University, stopped by The AAIS Executive Roundtable with a preview of the upcoming hurricane season in The Florida Report.

Litigation Tops Capital and Nat CAT Concerns

AAIS, a sponsor of the 2022 Florida Insurance Market Summit held March 21st to 23rd, polled attendees pre-event to understand what they perceive as the most pressing issues affecting the Florida market and the overall insurance industry.

Personal lines insurance is more diverse than ever before. During a Personal Lines Product Council in 2022 hosted by AAIS, Member carriers and other key stakeholders discussed several key issues affecting the market, from cryptocurrency and solar panels to container homes, “swimply”, and e-bikes and scooters.

AAIS established Product Advisory Councils to bring Member carriers and other industry stakeholders together to identify the burgeoning issues concerning insurers and the broader insurance industry today. While not all issues raised can be solved through product or program developments, we believe discussing emerging issues as well as working together within the AAIS Community can spawn new ideas and usher resources to meet today’s challenges. A general overview of several emerging issues is discussed below.