AM Best's 2019 Insurance Market Briefing - Europe and Methodology Seminar

AM Best's
Insurance Market Briefing - Europe & Methodology Review Seminar (London)

AM Best held its annual Insurance Market Briefing - Europe and Methodology Review Seminar on 12 November 2019.

The Insurance Market Briefing provided a platform for leading AM Best rating analysts and industry experts to discuss the impact of the prevailing economic and political conditions, as well as rating trends, for (re)insurers in key segments of the European (re)insurance sector and London Market. There was also a number of thematic sessions based on recent AM Best research.

The event featured a guest keynote presentation by John Neal, CEO, Lloyd's.

The popular annual Methodology Review Seminar examined the latest developments in rating criteria, providing participants with insight on the treatment of key industry trends and their development or challenges, all from the perspective of our Best's Credit Rating Methodology (BCRM) and our proprietary Best's Capital Adequacy Ratio (BCAR) model.

When & Where:

Tuesday, 12 November 2019
Insurance Market Briefing:
08:30–13:00
Methodology Review Seminar:
14:00–16:00

etc.venues St Paul's
200 Aldersgate, St Paul's
London, EC1A 4HD, United Kingdom

For More Information:

Briefing Presentation Slides

Seminar Presentation Slides

events@ambest.com

Insurance Market Briefing Agenda

Time Sessions Presenters
08:30 Registration
09:00 Welcome and Introductory Comments Nick Charteris-Black
Managing Director, Market Development - EMEA
09:10

EMEA Market Overview
Update on Credit Rating Activity and Outlooks

  • Rating trend developments
Greg Carter
Managing Director, Analytics - EMEA & AP 
09:25

Guest Keynote Presentation: The Future at Lloyd's

John Neal
CEO, Lloyd's

10:05

Thematic Session: Distribution in the London Market – Trend Review

  • How are London Market insurers responding to changing distribution trends including broker facilities, the growth of MGAs and broker consolidation?
  • What are the implications for costs, access to business and the subscription market's lead/follower model?
Catherine Thomas
Senior Director, Analytics
10:25 Thematic Session: Reinsurance Market Highlights
  • Global reinsurance outlook and the drivers of future rating movements

Stefan Holzberger
Senior Managing Director and Chief Rating Officer

10:45

Coffee Break and Insurance Innovation Fair

11:10

Thematic Session: Investments and Illiquid Assets Classes

  • Several drivers contribute to a strong trend of increasing allocations to illiquid assets for many insurers.
  • What aspects of the phenomenon are new? Where is this trend heading?
  • What are the implications for insurers and their credit ratings?
Anthony Silverman
Associate Director, Analytics

11:40

Evaluating Innovation: AM Best's New Draft Criteria Procedure Carlos Wong-Fupuy
Senior Director
11:50

Panel Discussion: Direction and Pace of Innovation and Technology in (Re)Insurance – Measuring Progress

  • How effectively is the industry adapting to technological changes and what strategies are companies undertaking to promote innovative practices?
  • Panellists will share experiences of achievements and failures and how best to measure the overall success of innovative efforts/initiatives.

Guest Chair: Catrin Shi
Acting Managing Editor,
The Insurance Insider

Panellists:

  • Tom Hoad
    Head of Innovation,
    Tokio Marine Kiln
  • Parul Kaul-Green, CFA,
    Head of AXA Next Labs, Europe
  • James Birch
    Head of Innovation,
    Brit Insurance
  • Carlos Wong-Fupuy
    Senior Director,
    AM Best
12:35 Closing Comments Nick Charteris-Black
Managing Director, Market Development - EMEA
13:00 Lunch and Insurance Innovation Fair 

Methodology Review Seminar Agenda

Time Sessions Presenters
14:15 Registration
14:25 Welcome and Introductory Comments,
Session Overview
Carlos Wong-Fupuy
Senior Director
14:30

Best's Credit Rating Methodology (BCRM): Benchmarking Review

  • Deep dive into building block assessment for EMEA ratings
  • Assessing trends uncovered or emerging for EMEA ratings

Mahesh Mistry
Senior Director, Analytics

Jalpa Thanky
Senior Financial Analyst 

15:00

Best's Credit Rating Methodology (BCRM) in an Evolving Landscape
Highlighting how the BCRM is evolving and examining:

  • Stress testing and non-modelled risks
  • Environmental, Social and Governance (ESG) risks
  • Innovation
  • IFRS 17

Carlos Wong-Fupuy
Senior Director

Jessica Botelho-Young
Senior Financial Analyst

Valeria Ermakova
Senior Financial Analyst

Anthony Silverman
Associate Director, Analytics

15:45 Q&A Session  AM Best Credit Rating Analysts
16:30 Closing Comments