PwC's Williams: Insurers Are Great Risk Learners, Poor Communicators

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Scott Williams, director, PcW Global Crisis Center, said insurers are uniquely positioned to share information and educate businesses, societies and governments on issues of risk and sustainability, but appear to lack the drive and skills to do so.

 

Mutual Insurers Wrestle With Onslaught of Emerging Risks

Insurers and reinsurers said a range of new and expanding risks, including cyber liability, drones, autonomous vehicles and even new farm risks is challenging the underwriting ability of the mutual insurance sector.
 

Willis Re's Newman: Reinsurance Industry May be Nearing Inflection Point

Andrew Newman, president, Willis Re, said his firm's analysis of the reinsurance sector shows that reinsurers' rates of return have fallen to the lowest average levels in years.
 

American Agricultural's Graham: Farm Sector a Hotbed of Emerging Risks

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.
 

Willis' Douglas: World is Counting on Insurance for Risk Expertise

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.

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