With 2012’s Hurricane Sandy as a fresh reminder, the continued unpredictable global economy defined by stagnant growth and low yields combined with opportunities in new markets and for innovative solutions has left reinsurers playing a balancing act. How to address this challenge through redefining business models while meeting investors expectations, was the central focus of the seventh annual Bermuda (Re)insurance Conference, co-sponsored by PwC Bermuda.
Kicked off with opening remarks by Arthur Wightman, PwC's Insurance Industry Leader, the two-day annual conference is Bermuda’s premier industry gathering. The 2012 conference attracted over 200 delegates from Bermuda, New York and the UK who converged at the Fairmont Hamilton Princess Hotel for an agenda of panel discussions led by the industry’s key leaders and brightest minds, including Scott Watson-Brown, PwC's Asset Management Leader, and David Thompson, a Partner in PwC's audit practice.
Moderated by: Arthur Wightman, Insurance Industry Leader, PwC Bermuda
A panel of C-Suite industry leaders discussed the significant trends, pressing matters and issues facing (re)insurance, and provided their perspectives on key strategies for balancing the interests of their stakeholders and achieving long term sustainable growth and success.
A panel of finance executives discussed the challenges in meeting profit expectations while maintaining discipline and controlling risk while examining the tools and techniques being employed, including pricing, reserving and capital management.
A panel of industry insiders provided their view into the thinking around the road ahead and the challenges and opportunities it presents including lessons learned from 2011 and their impact on operational and strategic decision making.
Moderated by: Scott Watson-Brown, Asset Management Leader, PwC Bermuda
A panel of industry leaders discussed approaches for embedding innovation into business processes, structures and market solutions in response to a growing change in demand for more comprehensive, holistic and integrated risk management solutions such structured products like Insurance-linked Securities (ILS).
A panel of industry leaders exchanged their views on the strategies that insurers and investors are implementing to address risks and capitalize on potential opportunities available within the industry. View on sector trends, ratings drivers, criteria and assumptions were also given.
Moderated by: David Thompson, Partner, PwC Bermuda
PwC leaders shared their views on mega-trends such as: two-speed global growth, distribution disruption and customer revolution, the information advantage, and evolving business models with a focus on the strategies to consider to turn these mega-trends into opportunities. For more information on the extensive PwC research on these mega-trends, visit: www.pwc.com/projectblue.