|[March 17, 2014]
A.M. BestTV: The Week Ahead; Pandemic Risks Remain Lethal
OLDWICK, N.J. --(Business Wire)--
In this episode of A.M. BestTV executives discuss how past pandemics
would impact the insurance industry today, and why it remains a top
concern for insurers among extreme risks. Alessandro Santoni, a director
at Towers Watson, said a recent company survey of global insurance
industry executives ranked global pandemic as the most important extreme
risk to worry about in the long term. Three pandemics struck in the 20th
century, in 1918, 1957 and 1968. The 1918 pandemic killed an estimated
50 million people worldwide. Life insurers say they're prepared to
handle pandemic risk through reinsurance, and Steven Weisbart, chief
economist at the Insurance Information Institute, said insurers could
also tap the capital markets. "The capital markets are highly
mathematically oriented, they are used to modeling of this kind, so yes,
this is very much the kind of thing that might result in several cat
bond-type vehicles," Weisbart said. Click on http://www.ambest.com/v.asp?v=pandemic314
to view the program.
People who appear in this episode include:
Alessandro Santoni, Director, Property/Casualty Practice, Towers
Steven Weisbart, Chief Economist, Senior Vice President, Insurance
Additionally, this episode takes a 60-second look at the week of March
17, including notable insurance industry-related conferences.
A.M. BestTV covers exclusive A.M. Best information and reports, targeted
topics and key developments in the (re)insurance industry every Monday,
Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M. BestTV episodes at www.ambest.tv.
Recent episodes of A.M. BestTV include:
Winter Wave Proves Costly to Insurers: Swiss Re executives
discuss the 2014 winter storms, which began with the polar vortex
disruption, that have caused steep insured losses: http://www.ambest.com/v.asp?v=winter2314
Reinsurers Identify Next Risks: Reinsurance companies and
brokers gather in Philadelphia for the CPCU Society's annual
reinsurance symposium to discuss hot topics such as stubborn interest
rates, smarter cars and regulation: http://www.ambest.com/v.asp?v=reinsurance2314
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS
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