A.M. BestTV: As Cities Expand, So Do Their Risks

OLDWICK, N.J.--(BUSINESS WIRE)-- This A.M.BestTV episode explores how the continuing growth of cities worldwide is creating greater exposure to health, catastrophe and market risks. Click on http://www.ambest.com/v.asp?v=cities1215 to view the entire program.

Lloyd’s of London estimates 301 cities face $4.56 trillion in economic losses from 18 potential threats. Inga Beale, chief executive officer of Lloyd’s, discusses the evolving insurance landscape. “We’re living in a changing world. As insurers, you should be part of supporting society, supporting growth, supporting businesses and governments. We want to look at (the risk landscape) and how we can be part of that.”

As emerging economies grow, competition for insurers is also increasing. “There has been a lot of talk about the protection gap, resiliency, and global markets and how that’s a growth opportunity,” Said Jim Bichard, a partner at PwC. However, he said that insurers need to focus on raising awareness and the new opportunities, rather than the competition.

Recent episodes of A.M.BestTV include:

• Regulation, Capital and Technology Changes Shape 2016 Insurance Landscape: A.M. Best Chief Rating Officer Stefan Holzberger and property/casualty insurance leaders discuss changing market dynamics, regulatory concerns, interest rates, mergers and acquisitions and cyber risks, which will help shape insurance markets in 2016: http://www.ambest.com/v.asp?v=2016outlook1215.
• An Unsung Feature of Microinsurance: Profitability: A.M. Best Senior Managing Director – Industry Relations Andrea Keenan, discusses the Microinsurance Network, a non-profit group of 70 institutions representing 30 countries that seeks to ensure that microinsurance is an important part of global development agendas: http://www.ambest.com/v.asp?v=micromap1215.
• Spanish Insurers Ensure Resilience by Sticking to Basics: A.M. Best Financial Analyst Pablo Vasquez discusses a recent Best Special Report on Spain’s insurance industry: http://www.ambest.com/v.asp?v=spain1215.
• U.S. Commercial Auto Sector’s Improved Results Might Not Last: A.M. Best Senior Research Analyst – Industry Research & Analytics David Blades, addresses the state of the U.S. commercial automobile insurance industry, which recently has seen better pricing but has also shown some surprising loss trends: http://www.ambest.com/v.asp?v=commercialauto1215.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151222005955/en/

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best Company

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