Welcome to APCIA Today
That the American Property Casualty Insurance Association (APCIA) will hold its annual conference in person this year, represents some much-welcome positive news for an industry getting a little jaded doing everything virtually.
Face-to-face meetings are back on the agenda and most executives are glad of that.
While the event will be down on 2019 numbers—the last time it happened in a physical form—the biggest reason for this is overseas visitors being unable to enter the US for another week. Companies based in North America have embraced the opportunity to meet in person again.
There will big differences. COVID-19-related restrictions and safety measures are in force, including proof of vaccination. It will be a much smaller event this year—but events will happen, and executives will meet face to face.
That is a welcome step forward. These in-person meetings will represent a focus as negotiations around the renewals season gather pace. The APCIA annual event acts as a focus for these—an important mark in the calendar.
For this year’s edition of APICA Today, we reflect this blended approach the industry is now using to conduct business. We have done many video interviews during the week before the conference.
We will also report on the press conferences and events happening around the event and speak to individuals who are attending in person.
This allows us, as ever, to provide in-depth analysis of industry news and opinion, based on our speaking to the most senior leaders in the industry—asking the challenging questions and delivering the answers.
For the first time, this year the publication is truly multimedia.
Almost all of our exclusive interviews and panel discussions are available in these pages for you to watch and listen to—in addition to reading our reporting on them.
We hope you find the content in these pages useful and informative—it may even give you an edge on the competition.
Wyn Jenkins, managing editor, Intelligent Insurer
A sneak preview: more exclusive content and interviews inside
Insurers must fight to preserve ‘sanctity’ of contracts
The insurance industry must unite to fight unprecedented threats to some of the most fundamental pillars on which it is based—on top of continued enhanced claims activity, David Sampson, APCIA chief executive, told APCIA Today.
The “sanctity” of insurance contracts and the principles of risk-based pricing continue to be threatened by regulatory and legislative initiatives in the US and it must be the industry’s priority to repel such challenges amid an increasingly challenging wider landscape for insurers.
That is the message from David Sampson, chief executive of the American Property Casualty Insurance Association (APCIA), speaking ahead of the organisation’s annual conference, taking place in Denver, Colorado, this week.
He said that fighting such initiatives from advocacy and legal perspectives is top of APCIA’s agenda.
“That is top of our agenda and, looking forward to 2022, I expect this to remain a priority for us and our members,” Sampson said.
A sneak preview: more exclusive content and interviews inside
Playing a different game: why Holborn stands apart
The future of the independent reinsurance broker is bright, Greg Kaiser of Holborn tells APCIA Today.
Choosing your friends: how to select an insurtech partner
Markel Insurtech Underwriters’ MD Scott Whitehead discusses what the future might hold.
A sneak preview: more exclusive content and interviews inside
Climate-related perils must become a focus
Instead of talking in terms of secondary perils, the industry should start thinking about climate-related perils and invest in understanding how global warming will impact a range of risks, says Dan Dick of Aon.
The risk transfer industry should start thinking in terms of climate-related perils, do more to understand the primary and secondary risks around them and take a different approach to the way risk models are built and used.
That is according to Dan Dick, executive managing director at Aon, speaking to APCIA Today in an interview available on the 1.1 Club, Intelligent Insurer’s online platform for interviews with industry leaders.
Dick, who is also global head of property analytics at Aon’s Reinsurance Solutions, believes that a new approach is required by the industry—one that accepts that a number of different risks and perils are heavily influenced by climate change
