Rate moderation and risk escalation with Alex Wells

https://www.futureofrisk.com

Please note that this episode was recorded prior to Hurricanes Helene and Milton. 

“Much like the stock market day-to-day, people are looking for signs of what's going to happen into the future and markets respond accordingly. So, a hailstorm in Texas can have an immediate impact on some carriers thinking about where that's going to go and where the results are going to be. So, it doesn't take a lot to move the market right now.”

In the first episode of Zurich North America’s “Market in Transition” podcast miniseries, Alex Wells, Head of U.S. Middle Market, and Al Orendorff, Chief Communications Officer, discuss the fragile balance between rate moderation in some lines of insurance and the reality of intensifying risks such as extreme weather. The discussion delves into key dynamics in Property, General Liability and Auto coverages, including social inflation, and unique concerns for Middle Market companies.

01:02 Property dynamics

02:21 Evolving weather patterns

04:16 Unique middle market challenges

06:01 Mitigating Risk

08:18 Supporting growth

11:25 Auto fleet risk

16:38 Impact of social inflation

Record date: 09/03/24