The re/insurance industry’s changing post-pandemic assumptions


The re/insurance industry’s changing post-pandemic assumptions

Greg Dickerson, associate director, AM Best

Greg Dickerson of AM Best outlines for Intelligent Insurer the biggest issues on the horizon.

Throughout any normal year, the industry’s focus has tended to fall on the Monte Carlo Rendez-Vous de Septembre and, as renewals season gathers pace, turn towards Baden-Baden.

But while everything has changed since the end of 2019, the COVID-19 pandemic and the resulting restrictions imposed have not been too disruptive. That is what Greg Dickerson, associate director of New York-based AM Best told Intelligent Insurer’s Re/Insurance Lounge, the on-demand platform for interviews and panel discussions with industry leaders.

This is the message, he said, that he has been hearing from companies for some time. “Maybe the most important driver of negotiations could be the actual results of reinsurance for the remainder of the year. If reinsurers post strong results for the full year, it’s going to be difficult for them to push through more rate increases or ask for more-favourable treaty terms,” he explained.

AM Best, COVID-19, Post-Pandemic, Insurance, Reinsurance, Greg Dickerson, North America

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