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FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 29, 2014 12:13 PM (EDT)
In this A.M.BestTV episode, on location from the Property Casualty Insurers Association of America Conference (PCI) in Scottsdale, AZ, attendees discuss identifying, understanding and underwriting new and evolving risks.
"The biggest challenge to the industry is to find different exposures as they emerge and to try and find ways, not just to insure them, but to get buyers to purchase them," said Ben Walter, chief executive officer of Hiscox USA.
Martin Neuhaus, president, national clients underwriting at Munich Reinsurance America, said he believes the industry isn't overcapitalized, but "under-risked." Neuhaus said, "Opportunities exist to grow in areas where risks exist but haven't been turned into insurable risks, and these opportunities exist for not only the insurance industry, but the reinsurance industry as well."
Also in this episode, Nancy Bewlay, head of North American Casualty at Swiss Reinsurance Company, and Conan Ward, chief executive officer at Hamilton USA, address the issue of predictive modeling being instrumental in a company's ability to respond and evolve at the same level as the market changes.
This video program is available at: http://www.ambest.com/v.asp?v=pci31014.
Full-length interviews are available as well. Go to http://www.ambest.tv/pci to see new interviews throughout the conference. Interviews conducted thus far include:
Previous episodes from the PCI conference include:
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