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FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 24, 2016 11:45 AM (EDT)
In this A.M.BestTV episode, insurers at the annual meeting of the Property Casualty Insurers Association of America (PCI) in Dallas, TX, said the industry is being pressured by new forms of competition and new layers of regulation. Click on http://www.ambest.com/v.asp?v=pci11016nc to view the entire program.
Some 1,300 reinsurers, insurers and brokers are attending the conference, where addressing uncertainty through innovation is a key theme.
“The pace of disruption and technological change is only going to increase, which is going to bring challenges, as well as opportunities,” said David Sampson, president and chief executive officer, PCI. “We want to help our member companies build nimble, agile and strategic organizations, which can adapt in this era of uncertainty and change and be able to execute their business plans.”
Anthony Trivella, executive vice president, Hartford Steam Boiler Association of America, highlighted the regulatory issues the industry is facing.
“There are more regulatory bodies, not just state and federal, but international,” said Trivella. “So it is a competing influence between an industry wanting to innovate and the costs around regulation and the other things insurers have to do to run their businesses.”
Other people that appear in this episode:
A.M.BestTV will be covering the entire 2016 PCI convention. Visit http://www.ambest.tv/pci16 for full coverage and exclusive interviews with key executives.
Recent episodes of A.M.BestTV include:
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