White Paper
4 Key Trends Impacting Property and Casualty Programs
White Paper Summary
Today’s property and casualty insurance programs are combatting a number of challenges.
From inflation and supply chain issues to global interconnectivity to increased frequency and severity of weather events, there are a number of trends that underwriters need to account for as they tackle the challenges of today’s dynamic landscape.
Simply put: “We’re in the riskiest world that we have ever been in, yet it’s the least risky it will ever be,” said Kevin Johnson, president of Insurance Programs, Munich Re Specialty Insurance.
Navigating today’s perils requires underwriters to reexamine how they estimate loss, develop risk adequate pricing and help mitigate risk.
New tools around data-driven decision-making including artificial intelligence, sensor technologies and advanced analytics are aiding carriers in these areas, but working with a leading insurance partner can help you take your efforts to the next level by giving you a broad understanding of market trends and more sophisticated program solutions.
To learn more about Munich Re, please visit their website.