Travelers’ Post

Exciting times ahead as the BF&M and Island Heritage teams gear up for the Annual Caribbean Insurance Conference (IAC) in beautiful Cancun, Mexico! 🌴✈️ It's always a privilege to connect with industry leaders, exchange insights, and delve into new opportunities. Can't wait to see what valuable discussions and collaborations arise at this year's event! 🤝 #Insurance #Reinsurance #IAC2024 #Networking #Opportunities #IndustryLeadership 🚀

On the road to Verisk #Insurance conference and reflecting on the past two weeks for a moment at #loganairport. These have been positively full of #extremeevents & #extremeweather. A Nor’easter came over #Newengland, while in #NYC a thunder bolt went through the torch of #Ladyliberty. A large container ship collided and brought down the Key Bridge near #Baltimore. An Earthquake struck #Newjersey. So it is good to read summary reports about the 4/1 renewals in #Japan and see that between 10% and 20% of new #reinsurance capacity is being brought to market. I look for trends that the same pattern will repeat with the US renewals at 6/1. As an #economist, I need to see this capacity at market this year because it will soften the pressure on the widening #insurancecoverage gap – #californiainsurance & #floridainsurance. As a risk modeler and product developer we bring NGM to market with thorough and accurate #catastrophe view of risk. I trust the market today on the current settlement of #insurancerates & #insuranceprices. As a risk manager though I know that the renewals' work is far from done. To have a good balance we need to get #reserves and #VaR just right. This is where NGM will help our clients once again. We will talk about this in the week – find me at the NGM presentation with Joe Cleveland and Alexandra Geist, (https://lnkd.in/ei5eys4T) at ask the experts, solution center with Jeff Sussman and Neel Sekar. So long and safe travels to #Orlando. Next Generation Models are designed and build by Verisk Extreme Event Solutions 

Looking forward to sharing the stage with Alessa, Dennis, and Matt at the Drake Risk & Opportunity Forum for a lively discussion on closing coverage gaps and making financial protection accessible to all. Register to attend in person or virtually at the link! #riskmanagement #insurance

Who else is excited about the Axco Global Insurance Conference making it’s debut in the US this fall in Miami?! If you’re interested in learning more, check out the post below and click the link in order to stay updated on what the conference will entail!

Welcome to the first Friday Recap of 2024 at theinsurertv.com 🗣 LEADING VOICES We kicked off the year with an episode of Leading Voices with Asta Capital Limited CEO Lorraine Harfitt and The Insurer TV’s Sophie Roberts discussing the evolution of culture in the reinsurance industry and expectations for the Lloyd’s 2024 startup pipeline. Also released was a Leading Voices interview with Hampden Group CEO Alistair Wood to discuss how Hampden manages its investment portfolios, Lloyd’s rules on private capital and the decision process behind syndicate backing. 🗞 NEWS IN FOCUS The Insurer TV attended the World Economic Forum press conference for the Global Risks Report 2024 earlier this week and spoke to Marsh McLennan’s Risk Management Leader for Continental Europe, Carolina Klint and Zurich Insurance’s Head of Sustainability Risk, John Scott on prominent global risks for 2024, the importance of leveraging data in maintaining risk agility and the pros and cons of using generative AI. ▶ CLOSE QUARTER Janet Babin spoke with Alive Risk’s Managing Director Patrick Gavin and Underwriting Manager Debbie S. on the current entertainment insurance landscape and Alive Risk’s entertainment and sports coverage offerings. 🎞 FILMED THIS WEEK Sophie Roberts filmed a Leading Voices interview with Liberty Mutual Insurance's Matthew Moore to discuss 1.1 renewals, what’s on the horizon for the business in 2024 and to take a closer look at Moore’s leadership style and priorities as president of underwriting at Liberty Specialty Markets. Over in the US, Janet spoke to founding partner of Karen Clark & Company, Karen Clark in a discussion centred around natural catastrophes, zooming in on the recent earthquakes in Japan in particular and the importance of using dynamic modelling in evolving climate and meteorological related risks. You can watch all of this week’s content at theinsurertv.com. 📨 The Insurer subscribers can access our News in Focus articles for free! If you’d like to read this content, get in touch with our team here at https://lnkd.in/eHyw4dTz 📨 #theinsurertv #fridayrecap #renewals #insurancenews #insuranceindustry #insuranceinterview

🌿 Today, as part of the MERLIN project, #ICATALIST organised its 3rd insurance sector roundtable during which we discussed topics including the sector's value chain and the role NbS can play in reducing climatic water-related risks. We looked at a strategy to incentivise the mainstraiming of NbS as part of the sector's activity, be it through innovative insurance products or directly by investing in nature. We thank all participants for their time and very valuable input, who we will keep updated regarding MERLIN's progress💧 #MERLINProject #Insurance #NatureBasedSolutions #ClimateAction #Sustainability 

With escalating climate risks putting pressure on insurance availability and affordability in certain regions, what can the insurance industry do to prevent insurability crises? At our recent webinar, Carla Smith, Chief People, Strategy and Climate Officer at Intact, outlined four strategies for insurers: embrace innovation; increase focus on risk education and mitigation; invest in technology; and engage in public-private partnerships.  Read more at Insurance Business Canada Magazine: https://lnkd.in/eNMHG2ZV

What Opportunities Arise for Commercial Property #Insurance in Growing Infrastructure Projects? Amidst economic downturns, #commercialproperty insurance faces challenges, yet the burgeoning infrastructure projects offer a silver lining. The expanding scale of these developments #amplifies the demand for comprehensive #insurance coverage, presenting significant opportunities for market growth. Safeguarding vital assets during both #constructionandoperational phases becomes paramount, driving the need for robust #insurance solutions in this evolving landscape Key Market Players: Chubb, Berkshire Hathaway Homestate Companies - Workers Compensation Division , The Travelers Indemnity Company of America,Progressive Insurance, American International Group, Allianz, AXA, Zurich Insurance, Liberty Mutual Insurance , Allstate Insurance Company-Sammons Explore More Insights: https://lnkd.in/dSSyE89E #AMR #InsuranceMarketTrends #InfrastructureGrowth #EconomicImpact #PropertyInsurance #RiskMitigation #ConstructionInsurance #InfrastructureDevelopment #MarketOpportunities #AssetProtection #InsurTech #BusinessResilience #RiskManagement #BuildingForTheFuture #CommercialRealEstate #InsuranceSolutions

The partial collapse of Champlain Towers South in the USA was a wake-up call for property owners everywhere. Dr. Nicole Johnston from Strata Knowledge sheds light on the widespread issue of building dilapidation in Australia. What can Owners Corporations do to ensure the safety and longevity of their properties? Discover actionable insights and recommendations in our latest news article. 👉 https://ow.ly/uIJw50TAKwr #StrataKnowledge #PropertyManagement #SafetyFirst #StrataCommunityInsurance #SCI #Insurance #StrataInsurance #StrataManagement #ContinuousEducation #IndustryInsights #buildingdefects #stratadefects #StrengthOfExperience

Thanks Bonnie Kluthe for sharing your expertise when it comes to customer experience! Check out insights from Bonnie and professionals across the industry in the report below from the Reuters Future of Insurance event 👇 #insurtech #aginsurance