This podcast series was created to provide clients and prospects with insurance market content, readily available through various streaming channels.
The current series highlights the truly cyclical nature of the global insurance market and reinforces the importance of communicating current and future market changes – as well as any potential impact for our clients.
These Q1 episodes share a common theme: Despite suffering significant insured losses in recent years, the global insurance market is softening. Listen to our podcast series to learn how the landscape differs across our regions and specialties.
For insurers and reinsurers, there's a focus on growth despite these high loss ratios. For brokers, there is an emphasis on creating alternative options for clients in what is a changeable market, as well as creating competition to drive the best possible outcomes. Superior claims performance continues to be a key priority as a differentiation between markets.
Analytics retain a significant role in improving the understanding and management of client exposures, ultimately to deliver better market outcomes. But will increased data granularity, potentially create more uninsurable risks? And could we see a possible flight to quality by the insurance market, leaving less attractive risks with less market choice.
As the industry is moving towards more digital trading, reducing frictional costs and improving the overall market experience, there’s potential for digital placement facilities like Gemini (Willis’s auto-follow facility) to improve distribution and efficiency for clients and participants across the wider market.
