Session Information
2011 Casualty Loss Reserve Seminar
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Opening Remarks/General Session-1: Challenges and Opportunities for the P/C Insurance Industry
Track
:
General
Program Code:
GS1
Date:
Thursday, September 15, 2011
Time:
7:45 AM to 9:30 AM
EST
Location:
Pinyon Ballroom 4
MODERATOR
:
Wendy Germani, Consulting Actuary, American Actuarial Consulting Group, LLC
PANELIST
:
Steven Weisbart, Senior Vice President & Chief Economist, Insurance Information Institute
Description
Following 2008-09, two extremely tough years for the P-C industry, 2010 was better and 2011 might even surpass it. We are tempted to look to 2012 expecting an even stronger and more profitable year. Yet it seems that each positive development comes with a challenge.
- Some examples:
- Will persistently low inflation give way to a rebirth of higher inflation?
- Will another year without major hurricanes lead to increased resistance to setting risk-appropriate property insurance rates?
- Tort reforms enacted in the last decade slowed the tort onslaught of earlier times, but will the tort bar and its allies succeed in reversing these reforms?
- Now that the Great Recession is officially over and a recovery—great or not—is underway, how long will it take to get back to "normal," and how will that affect the industry’s operations?
The session will discuss these topics in historical context and—perhaps—lead some attendees to form an optimistic outlook.
Audio Synchronized to PowerPoint
(Code: GS1)
Attendee:Free
Non-Attendee $25 USD - Your Price
This session is a part of: