Annual Meetings-Session I: Inland Marine: More than Meets the Eye

Pdf Summary

The document is a summary of a presentation given by Jerry Theodorou, Vice President at Conning, at the Inland Marine Underwriters Association Annual Meeting on May 7, 2012. Conning is a company with a long history in financial services, specializing in insurance industry research, advisory services, and investment management. The presentation covered various topics related to the performance of the inland marine insurance sector, including historical data, analysis of key performance drivers, challenges, and opportunities for the property-casualty industry.<br /><br />Key points discussed were the outperformance of inland marine compared to the overall property-casualty industry, the impact of reporting anomalies on performance metrics, and the importance of predictive modeling, expense management, and specialization as performance drivers. The presentation highlighted the normalization of data to provide a clearer view of the industry's performance.<br /><br />Challenges facing the property-casualty industry included low interest rates, economic volatility, regulatory uncertainty, and rising expenses. Opportunities identified included technology integration, globalization, and new forms of protection needed in the market.<br /><br />The presentation concluded with a focus on understanding performance drivers, the importance of in-depth analysis, and the need for a clear strategy to navigate the evolving landscape of the insurance industry. Attendees were encouraged to examine performance closely, consider normalization exercises, and leverage predictive modeling, expense discipline, and specialization to drive success in the sector.

Asset Caption

Presented by:
Jerry Theodorou, Vice President of Insurance Research & Publications, Conning

Keywords

Jerry Theodorou

Conning

Inland Marine Underwriters Association Annual Meeting

May 7, 2012

insurance industry research

key performance drivers

predictive modeling

expense management

property-casualty industry

evolving landscape