The Ongoing Evolution of Insurance

The Ongoing Evolution of Insurance


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Editor's Note

The insurance industry has the unfortunate reputation for being staid and dull -- which may be true if you’ve ever tried to read an insurance policy. But the reality is the business of insurance is constantly evolving as companies continue to innovate and expand in new markets. Major topics of recent interest include the insurance linked securities market, how AI is reshaping the industry, and what can be done to mitigate the impact of climate change and close the coverage gap.

In recent interviews, William Ho, CEO of MS Amlin Asia Pacific discusses the Phoenix Re catastrophe bonds and plans to grow ILS in Asia; Andrea Baer, Head of Alternative Risk Transfer Latin America for Swiss Re Corporate Solutions, discusses how Latin American companies use alternative risk transfer solutions like parametric cover and captives to overcome insurance capacity challenges; and Chris Dougherty, CEO of Alimco Re, shares insights on the firm’s collateralized reinsurance strategy and market goals.

At the recent PwC Insurance Summit in Bermuda, gray skies and blustery weather couldn’t dampen the enthusiasm of those in attendance. 

Stephen Catlin, Executive Chairman for Convex, shares insights on leadership, climate initiatives and how insurance must evolve at the PwC Insurance Summit in Bermuda; Rob Bredahl, Vice Chairman of Howden Re and Executive Chairman of Howden Capital Markets & Advisory, discusses cat events, market capital and the 2025 outlook; and Rachel Turk, CUO for Lloyd’s, shares first-year insights and explores AI, market outlook, and data flow innovations.

PwC leaders offered thoughtful insight on the state of the market. Arthur Wightman, Territory Leader for PwC Bermuda discusses industry challenges and Bermuda's key role in reinsurance growth and climate initiatives, and Damian Cooper, Partner with PwC Bermuda, discusses life reinsurance growth and regulatory challenges.

AXA XL’s CUO for Bermuda, Noel Pearman and Steve Horton, President of Liberty Mutual Bermuda, focused on how AI is transforming insurance operations; Neil Eckert, Chairman and Co-Founder of Conduit Re, discusses climate change mitigation, new insurance products, and closing the coverage gap; Tim Usher Jones, Co-CEO and Founder of Banyan Risk, shares insights on their new excess casualty venture; and Will Bridger, Group CEO with Compre Group, discusses the evolving legacy insurance market.

Other recent highlights include Kirsten Beasley, Head of the Bermuda Office for WTW, discusses talent, diversity, and mentorship and Bob Hartwig, Professor of Insurance with the University of South Carolina, discusses the resilient US economy, election impacts and future growth in specialized insurance.

Please join us for upcoming live virtual discussions on How Insurers are Evolving to Risk Mitigation to Reduce Costs; and How Insurers Are Creatively Investing in A Growing Asset Class: Natural Capital.

We are also delighted to be launching a new in-person event in New York City, Insider Progress US, a breakfast briefing designed to promote active discussions around building an insurance workplace for the future. It’s free to attend, I hope to see you there!

As always, thank you for watching, listening and reading.

Meg Green, Senior Editor - Multimedia, Insurance Insider


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Insurers Evolving to Risk Mitigation to Reduce Costs

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