Taking the temperature: where do P&C rates go from here?


Taking the temperature: where do P&C rates go from here?

Paul Schultz, CEO, Aon Securities; Steve Chirico, director, AM Best, John Huff, CEO, ABIR

The COVID-19 pandemic caused wholesale disruption to re/insurance market pricing, as carriers were hit with a range of losses and challenges to capital. With restrictions easing and some semblance of normality fitfully spurring the economy forward, how will re/insurance pricing in the US and Bermuda react?

You do not need to wait for the passage of time and the clarity of hindsight to acknowledge that 2020 was a year which changed everything.

The world has run out of superlatives to describe the social, economic, and political cost of the coronavirus pandemic, with even the green shoots of recovery currently emerging through the rubble threatened by the onset of yet another variant to the disease.

For the US and Bermudian re/insurance world, 2020 will in some ways be a year to forget.

Association of Bermuda Insurers & Reinsurers, AM Best, Aon, COVID-19, P&C, Insurance, Reinsurance, John Huff, Steve Chirico, Paul Schultz, Bermuda, USA

Intelligent Insurer