P/C Insurance in the Age of Mega-Catastrophes: Trends, Challenges and Opportunities
This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, before the 2014 PCS Catastrophe Conference, discusses property/casualty (P/C) insurance in the context of this period marked by mega-catastrophes. The presentation includes a P/C insurance industry overview and outlook, with a focus on measuring the impact of catastrophe losses. A catastrophe loss overview notes that 2013 was a welcome respite from the high catastrophe losses in recent years and the 2014 winter storm losses are manageable. A further section deals with public policy issues, including federal disaster response, flood insurance, terrorism and cyber risk, which could evolve into the catastrophe of the future. Final sections provide a reinsurance market update, which notes that the flood of alternative capital is transforming this sector; a property exposure and residual markets overview; and a discussion of the importance of financial strength.
Please click on the file name below to view the presentations. Once open, you can choose "file" from your menu and then save the PowerPoint presentation to your disk. The presentation also is available in Adobe Acrobat format. The Adobe Acrobat file is smaller and faster to download. However, you do need the appropriate software to view.
You can download Adobe Acrobat Reader, free of charge, from the Adobe website (http://www.adobe.com/products/acrobat/readstep.html).
Note: Printer fonts may vary by browser and version of Adobe Reader.