A.M. BestTV at 2017 IIS Global Insurance Forum: London, Long a Home to the World's Risks, Adds to Those Risks

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OLDWICK - JULY 19, 2017 12:05 PM (EDT)
In this ^A.M.BestTV episode from the International Insurance Society’s (IIS) Global Insurance Forum in London, attendees said the complications of Brexit and recent changes to the U.K.’s Ogden tables are among the new and emerging issues facing the global insurance industry. Click on http://www.ambest.com/v.asp?v=iis1717 to view the entire program.

Delegates from 50 countries are attending the event, and the overall theme of the conference is global resilience and the role of insurance.

“This year, one of the biggest issues for U.K. non-life insurers has been the change to the Ogden tables,” said Catherine Thomas, senior director, analytics, A.M. Best. ”Other notable issues are the pending Brexit and the very competitive conditions in the London market, which are leading to consolidations.”

Anthony Baldwin, chief executive office, American International Group, Inc. Europe, said he believes uncertainty is hampering the industry, noting that it affects not just the market, but clients as well. However, he said this uncertainty likely would create new opportunities, “since the market needs to stay agile and continue to innovate in order to stay relevant.”

For full video coverage of the International Insurance Society’s Global Insurance Forum, including exclusive executive interviews, visit http://www.ambest.tv/iis17.

Other people that appear in this episode:

• Clive O’Connell, partner, McCarthy Denning; and


• Michael Morrissey, president & chief executive officer, International Insurance Society.

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^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View ^A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source.