Annual Meetings-Keynote Address: Today's Inland Marine Market

Pdf Summary

The document from the American Association of Insurance Services discusses various challenges and trends in the insurance industry, particularly focusing on the Inland Marine market. It highlights economic headwinds, inflation impact on the P&C industry, shifts in the reinsurance market, and concerns of industry members regarding issues like climate risk, supply chain disruption, and talent retention. The text also delves into the impacts of inflation and supply chain disruption on trucking, labor challenges in the industry, and emerging trends in technology such as data management and info sharing.<br /><br />Furthermore, discussions cover investments in construction, trends in the construction market, and the future outlook for the Inland Marine market, emphasizing the role of technology in transforming industries like trucking and construction. The importance of data integrity, accuracy, security, and privacy is highlighted, along with priorities related to data management and technology among industry members.<br /><br />Overall, the document provides insights into the current landscape of the insurance industry, challenges faced by different sectors like trucking and construction, and the need to adapt to emerging trends and technologies for future growth and profitability. It underscores the importance of staying informed, agile, and leveraging technology to navigate uncertainties and drive success in the evolving market.

Asset Caption

Presented by:
Edmund Kelly, AAIS

Keywords

Insurance industry challenges

Inland Marine market trends

Economic headwinds

Inflation impact on P&C industry

Reinsurance market shifts

Climate risk concerns

Supply chain disruption

Talent retention

Trucking industry impacts

Data management trends