A.M. BestTV: Risk Managers Gather at Birthplace of U.S. Insurance
April 21, 2017 by AM Best
Oldwick – This A.M.BestTV episode looks at the upcoming annual RIMS (Risk Management Society) conference, taking place April 23-25, in Philadelphia, PA, where U.S. insurance industry roots run deep. Click on http://www.ambest.com/v.asp?v=rimspreview417 to view the entire program.
For full video coverage of the RIMS conference, including exclusive executive interviews, visit http://www.ambest.tv/rims17 .
The RIMS conference is taking place at the Pennsylvania Convention Center, with an expected attendance of over 10,000 insurance professionals. It is a three-day trade show, convention and conference.
“Risk management as it exists today began in Philadelphia in 1752, created by Benjamin Franklin and his friends,” said Robert J. Whitlock, president and chief executive officer, The Philadelphia Contributionship. “Therefore, it is entirely appropriate that risk managers gather here to celebrate this year.”
The episode also explores how Philadelphia has become a significant market for insurance education. According to Mark Squilla, a Philadelphia councilman, the RIMS conference is expected to contribute around $29 million to the economy of Philadelphia.
Other people that appear in this episode:
- Michael E. Angelina, executive director, St. Joseph’s University; and
- Julie Coker Graham, president and chief executive officer, Philadelphia Convention and Visitors Bureau.
Recent episodes of A.M.BestTV include:
- French Life Insurers Respond to Unforgiving Market, Says A.M. Best Analyst: Charlotte Vigier, senior financial analyst, A.M. Best, discusses a new report that shows French life insurers cutting returns on traditional products in response to lower interest rates and sluggish sales: http://www.ambest.com/v.asp?v=frenchlife517 .
- American Association of Managing General Agents ’ Heinze: Improvements Ongoing for Lloyd’s Audits: Bernd Heinze, executive director, American Association of Managing General Agents, said his organization has been working with Lloyd’s to improve audits by syndicates, including possibly certifying the auditors: http://www.ambest.com/v.asp?v=heinze417 .
- European Cedants Pursue Strategic Reinsurance Cessions, Says A.M. Best Senior Director: Carlos Wong-Fupuy, senior director, A.M. Best, discusses a series of briefings, which examine how larger insurers in Europe are ceding business to reinsurers: http://www.ambest.com/v.asp?v=cedants517 .
- P&I Clubs Face Underwriting and Rate Challenges, Says A.M. Best Analyst: David Drummond, senior financial analyst, A.M. Best, reviews a new report on protection & indemnity (P&I) clubs, which face a difficult shipping market and the task of getting better returns from higher-risk policyholders: http://www.ambest.com/v.asp?v=panditrends417 .
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View A.M.BestTV episodes at http://www.ambest.tv.
