WRIN.tv speaks with Frank Nutter, President and CEO of the Reinsurance Association of America (RAA), about the state of the reinsurance market, capital growth, a US/EU covered agreement, and growth. According to Mr. Nutter, the market remains highly competitive. Capacity and capital increased in 2016, which contributed to rates being flat to down – a good thing for buyers. Capital …

WRIN.tv speaks with David Sampson, President and CEO of the Property Casualty Insurers Association of America (PCI), about trends in insurance regulation, the new Trump administration, the National Flood Insurance Program (NFIP) and growth in cyber and energy-related sectors. Mr. Sampson believes the industry had reached a “tipping point” In 2016 with regard to State insurance regulators overstepping their authority. …

On the Road at the Joint Industry Forum in New York, WRIN.tv asked several insurance trade association executives to consider the impact of the new Trump Administration on various sectors of the insurance industry. Here, we share the hopes, concerns and expectations of: Michael Morrissey, President & Chief Executive Officer of the International Insurance Society (IIS) David Sampson, President and …

WASHINGTON, Nov. 22, 2016 /PRNewswire-USNewswire/ — The National Association of Professional Insurance Agents (PIA) is calling for the repeal of the Federal Insurance Office (FIO). The election of Donald Trump as president and a Republican majority in both houses of Congress will bring about a unique opportunity to reexamine the regulatory framework for insurance, notes the agents association. PIA calls …

Overall, the insurance markets are very strong, with record capital and record policyholder surplus, but there are several troubling trends in the market. Combined ratios and loss trends are deteriorating, and policyholder surplus is growing at a rate slower than the GDP. Robert Gordon, SVP – PCI Policy Development and Research, sees a “tale of two cities” with commercial lines …

WRIN.tv’s Monday Morning Headlines, compiled by SNL Insurance, is a video digest of the news you need to know about the U.S. Insurance industry. Today’s Monday Morning Headlines: FIO sees cyber insurance as deterrent to cyberattacks…u/w guidelines coming Aon Benfield says winter weather losses could top $1 billion Sharp premium decline affects Citizens’ net underwriting income Deloitte reports reinsurance M&As …

Sources told SNL Financial that FIO believes cyber insurance could serve as a deterrent to cyberattacks and is developing underwriting guidelines to help increase coverage. FIO is also looking at cyber insurance coverage as a risk mitigation solution for cyber hacking crime. This could include a claims database that would help insurers better develop and price policies for potential risks

WRIN.tv’s Monday Morning Headlines, compiled by SNL Insurance, is a video digest of the news you need to know about the U.S. Insurance industry. Today’s Monday Morning Headlines: Fed chair grilled about FSOC approach to SIFI designation FIO Director implies capital standards may not be in place until 2016/2018 NAIC seeking bids to enhance its own cybersecurity Small cut in …

Frank Nutter, President of the Reinsurance Association of America (RAA), joins World Risk and Insurance News (WRIN.tv) to discuss developments in the U.S. reinsurance market. Key topics include: RAA President sees Alternative Capital as competitive and complementary Hope for FIO’s involvement in “covered agreements” for reinsurance in 2015 Will international capital standards recognize “sound” U.S. system? 2015 could see Corporate …