Inga Beale, CEO, Lloyd's, said the insurance industry invests less in researching risks and developing new products than industries such as manufacturing.
Catherine Thomas, senior director of analytics, A.M. Best, said the active market for mergers and acquisitions has boosted many reinsurers' share prices, making it more expensive for reinsurers to buy back their own shares.
Lorie Graham, senior manager, American Agricultural Insurance Company, said farmers are rapidly adopting drones, sensor based equipment, 3D printing and new business models, creating new types of exposure to which agricultural insurers must respond.
Rowan Douglas, CEO, capital, science & policy practice, Willis Towers Watson, said several new global initiatives are aimed at matching the abundance of insurance capital and expertise with uncovered risk throughout the world.
Aidan Kerr, operations director, Flood Re, said the reinsurer is aiming to cover 200,000 U.K. households for flood risk in the shorter term and eventually reach up to half a million by operating in the background of the homeowners' insurance market.
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