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GLOBAL MARKET PERSPECTIVE

Explore key industry insights from the 2013 IIS Annual Seminar and Monte Carlo Rendezvous, focusing on regulatory frameworks, market trends, and emerging opportunities in insurance and capital markets.

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GLOBAL MARKET PERSPECTIVE

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  1. GLOBAL MARKET PERSPECTIVE THE CHANGING GLOBAL INSURANCE MARKET September 30, 2013 Michael J. Morrissey President & Chief Executive Officer International Insurance Society

  2. International Insurance Society • Oldest and Largest Industry Association • Members from 95 Countries • Executives, Regulators & Scholars • Open Forum for Discussion • Insurance Hall of Fame • Shin Research Excellence Awards • IIS Annual Seminar

  3. 2013 IIS Annual Seminar Highlights • Changing Demographics • The Battle to Define the Optimal Regulatory Framework • Older Age Financial Security in an Aging World • Natural Catastrophes: More Frequent, More Severe

  4. 2013 IIS Annual Seminar Highlights • Investing in a Low Yield Environment • Prospects for Increased M&A Activity • Human Capital & the War for Talent • The United Nations Environmental Program – Finance Initiative: Principles for Sustainable Insurance

  5. 2013 Monte Carlo Rendezvous Highlights CONVERGENCE • Insurance & Capital Markets • Focus: US Peak Property CAT Risk • Trend to Redeploy Capital to Other Areas • Some (Predictable) Doubters

  6. 2013 Monte Carlo Rendezvous Highlights • Potential Alliances with Asset Management Firms • Consideration of Specialty Lines, Primary Businesses & Long Tail Lines • Second Tier Reinsurer Concerns • Downward Pressure on 1/1/17 Renewal Rates

  7. Looking Ahead • Convergence drives more focus on core skill sets. • Regulators are driving insurers to invest inefficiently. • Public/Private Partnerships on the rise in Life and Nonlife issues. • Those able to harness Big Data will triumph in growth and profitability. • Insurance industry increasingly seen as force for the good of society.

  8. THANK YOU • DIFC • Global Reinsurance • Attendees

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