Tag Archives: Joint Industry Forum

The Insurance Information Institute’s 37th Annual Property/Casualty Joint Industry Forum

Next Thursday (1/17) the I.I.I. will be proud to host the 37th Annual Property/Casualty Joint Industry Forum, an annual gathering of insurers, reinsurers and other industry leaders.

The event allows top executives in the insurance industry to network, exchange vital knowledge, and discuss emerging trends that will impact the future of the industry.

With this year’s theme of ‘Leading the Way Forward,’ insurance leaders will provide helpful insight on how the industry is paving the way into the future.

JIF 2019’s formal agenda will feature panel discussions, keynote addresses and the first-ever JIF Town Hall addressing flood and catastrophe resilience.

We will be hosting retired Gen. Stanley McChrystal and former New Orleans Mayor Mitch Landrieu as speakers to discuss their personal experiences with adversity and resilience. Additionally, Randal Quarles, a member of the Board of Governors of the Federal Reserve System, will join Sean Kevelighan, CEO of the I.I.I., to discuss current issues of the day.

Panel discussions will cover a wide array of insurance topics, including:

  • Economic Impact – How a charged political environment will affect regulatory environments, international alliances and trade partnerships, and the likely ramifications of heightened political risk for insurers and reinsurers.
  • Artificial Intelligence’s Risks, Ethics, and Opportunities – The benefits, drawbacks and ethical concerns as insurance seeks to manage risk in what some are calling the “Fifth Industrial Revolution.”
  • Talent and Leadership – McChrystal will share candid observations on innovative leadership and insights he gained while developing and implementing successful strategies including the creation of a comprehensive counterterrorism organization that has revolutionized the way military agencies interact and collaborate.
  • Resilience Town Hall – In this inaugural JIF Town Hall session, experts share perspectives on national and regional efforts to build community resilience in disaster-prone areas.

 

 EVENT DETAILS:

WHEN:

Thursday, Jan. 17, 2019 from 9:00 a.m. to 7:00 p.m. ET

  • Registration: 9:00 a.m. – 10:30 a.m. ET
  • Forum: 10:30 a.m. – 5:00 p.m. ET
  • Reception: 5:30 pm – 7:00 p.m. ET

 

WHERE:

Marriott Marquis Hotel in Times Square, 9th Floor, New York City, NY

Media room will be in the “Jolson Room” on the 9th floor

 

For more information visit https://iii.swoogo.com/2019jif/registration. Registration is open to executives at P/C and life insurance companies, reinsurance companies, intermediaries and other related service organizations, including: CEOs; presidents; public and government affairs executives; insurance trade association leaders; regulators; and state and federal government representatives. Interviews with I.I.I. spokespeople and panelists are available upon request.

 

 

 

 

 

 

 

2014 Joint Industry Forum

A survey conducted by the Insurance Information Institute (I.I.I.) at its 18th annual Property/Casualty Insurance Joint Industry Forum found that property/casualty insurance industry leaders believe Congress will delay implementation of the Biggert-Waters (BW) reforms to the National Flood Insurance Program (NFIP).

Some 75 percent of respondents expect Congress will delay implementation of the Act intended to help reduce the debt of the NFIP, a debt now estimated at more than $25 billion, by bringing rates charged more in line with the risk and losses in flood-prone areas, the I.I.I. survey revealed.

A majority of respondents to the survey—93 percent—also believe the Terrorism Risk Insurance Act, which is set to expire at the end of this year, will be reauthorized by Congress.

Meanwhile, a panel of industry chief executives agreed that a repeat performance of the property/casualty industry’s stellar 2013 performance will be hard to repeat.

The CEOs said higher rates, fewer-than-normal catastrophes, and strong stock market returns seem likely to make last year one of the best of the past decade.

But new challenges in growth and price competition make a repeat performance unlikely this year, the CEOs said.

By lines of insurance, only 35 percent of I.I.I. survey respondents believe there will be an improvement in profitability in personal auto in 2014, while 45 percent expect an improvement in homeowners profitability.

Only 40 percent expect an improvement in profitability in commercial lines, while 50 percent expect an improvement in workers compensation.

Looking at economic growth, 40 percent of insurance industry leaders think the U.S. economy will accelerate and 58 percent think it will remain the same, according to the I.I.I. survey.

Dr. Steven Weisbart, senior vice president and chief economist with the I.I.I. said:

Many economic forecasts say that the U.S. and most global economies will grow stronger in 2014, and this means a greater need to protect more assets and income, which leads to greater insurance premium volume.†

Some 30 percent of survey respondents believe that premium growth will be higher in 2014; 42 percent believe it will remain flat; and 28 percent believe it will be lower.

In terms of capacity, as measured by policyholders’ surplus, 73 percent of respondents expect it to increase; 20 percent believe it will remain flat; and 7 percent believe it will decrease.

Some 68 percent believe the combined ratio (the percentage of each premium dollar a property/casualty insurer spends on claims and expenses) will be higher in 2014 compared to last year.

P/C Joint Industry Forum

The 17th annual Property/Casualty Insurance Joint Industry Forum will be held tomorrow at the Waldorf-Astoria Hotel in New York City.

The Forum, sponsored by 16 leading property/casualty insurance trade associations, was created to provide p/c insurance and reinsurance company leaders with an opportunity to meet and discuss topics of general interest.

Thomas J. Donohue, president & CEO, U.S. Chamber of Commerce, will be the keynote speaker at the event.

A panel of experts will first discuss the insurance industry from the perspective of those who regulate, analyze and write about the business.

This will be followed by the CEO panel where industry leaders will discuss general trends in industry services.

You can follow the Insurance Information Institute’s live Twitter feed on Tuesday.

P/C Joint Industry Forum

The 16th annual Property/Casualty Insurance Joint Industry Forum #JIF2012 will be held today at the Waldorf-Astoria Hotel in New York City.

The Forum, sponsored by 16 leading property/casualty insurance trade associations, was created to provide p/c insurance and reinsurance company leaders with an opportunity to meet and discuss topics of general interest.

Michael McRaith, director of the new Federal Insurance Office, will be the featured speaker at the event.

A panel of experts will first discuss the insurance industry from the perspective of those who regulate, analyze and write about the business.

This will be followed by the CEO panel where industry leaders will discuss general trends in industry services.

Check back later this week for coverage of the event. In the mean time, follow the Insurance Information Institute’s live Twitter feed.

P/C Joint Industry Forum

The 15th annual Property/Casualty Insurance Joint Industry Forum (#JIF2011) will be held next Tuesday January 11 at the Waldorf-Astoria Hotel in New York City.

The Forum, sponsored by 16 leading property/casualty insurance trade associations, was created to provide p/c insurance and reinsurance company leaders with an opportunity to meet and discuss topics of general interest.

A panel of experts will first discuss the insurance industry from the perspective of those who regulate, analyze and write about the business.

This will be followed by  the CEO  panel where industry leaders will discuss general trends in industry services.

A reception and dinner that evening will feature an address by Ari Fleischer, former White House Press Secretary for George W. Bush and president, Ari Fleischer Communications Inc.

Media interested in attending the Forum should contact Loretta Worters at the I.I.I. on 212-346-5545.