How Legal System Abuse (social inflation) Impacts Casualty Business

The industry is facing an upsurge in secondary perils, particularly severe convective storms. Marcus Winter speaks with guests Mike Quigely, Head of Property and Risk Quantification and Teyha Duckworth, Property Manager at Munich Re US, regarding what factors are driving this trend and how expert modeling can help mitigate the effects of these storms.

Reinsurers are facing an upsurge in long-tail casualty claims. Marcus Winters speaks with guests Leah Spivey, Chief Claims Officer, NA, Munich Re US and Maura Freiwald, Head of Casualty, Munich Re US, regarding what factors are driving this trend, and what pro-active steps can be taken tp mitigate the effects of these claims.

Wildfires are becoming a year-round occurrence, with a warmer climate and population density directly linked to increased fire danger. Marcus Winter speaks with special guest Roy Wright, President and CEO of the Insurance Institute for Business and Home Safety and Mike Quigley, Head of Property and Multiline Risk Quantification, Munich Re US, about the insurability of wildfire and key mitigation measures needed at both the home and community level to reduce this growing risk.

The global and US economies have been impacted by a series of unprecedented events, many of which affect our industry.  The Head of Munich Re's Economic Research Unit, Oliver Busse shares his views on what economic indicators should be the industry's primary focus and why.

FEMA reports that 99% of counties int he US have been impacted by flooding since 1996. Listen as Marcus Winter and featured guest, Raghuveer Vinukollu, Head of Climate Insights and Advisory for Munich Re US, discuss issues around the widening flood protection gap and the measures Munich Re is taking to help close that gap.

Learn about how the capacity issue began, from the the impact of global, large natural catastrophes, to sky-rocketing inflation, geopolitical instability, and dealing with hard markets in Cyber and Property.

Legal system abuse is not going away anytime soon. Understand the causes of legal system abuse, how it impacts our industry and what our industry can do to help address this issue.

Learn how recent macro trends are impacting the upcoming 1/1 renewal season. 

Learn why re(insurers) are concerned with cyber systemic risk and ways to predict and quantify such risks. Also understand the ways in which we can work together to bring sustainability to the cyber market. 

Understanding the impacts of inflation within the property (re)insurance market and how insures can be proactive in managing inflation costs.  Deep dive into other concerns for property including: catastrophes, climate change and risk mitigation.