AM Best's
Europe Insurance Market & Methodology Briefings – London

EMEA Market Overview
Update on Credit Rating Activity and Outlooks

• Rating trend developments

Thematic Session: The Risk Landscape and Stress Testing

• Changing dynamics of the risk landscape
• Interconnectivity of risks and exposure management
• Importance of stress testing for the growing complexity of risks
• Keeping sights on macro-economic factors in stress testing approaches 

Keynote Presentation

• Topic TBC

Networking Coffee Break

Thematic Session: Reinsurance Market Highlights 

• AM Best's trend analysis on the global reinsurance sector
• Will pricing discipline be maintained?
• Global reinsurance outlook and the drivers of future rating movements
• Impact of alternative capital and ILS
• Key rating issues impacting all reinsurers

Thematic Presentation: Perspectives on Casualty Catastrophes and Emerging Liability 

• Dealing with casualty events - interconnectivity of risks creates complex accumulation management challenges
• Importance of casualty catastrophe modelling, underwriting and risk management 
• Emerging liability risks: new and future hazard potential, such as PFAS, climate litigation etc.

Panel Discussion: The Future of Underwriting and Claims Management

• What will Artificial Intelligence bring to the table? 
• Importance of innovation - sustainable advantages and technological advancements 
• Big Data - even deeper insights? 
• Insurtech - enabling or disrupting the market
• Transformations claims management and underwriting
• Fraud management takes centre stage 

• Richard Banks, Director, Industry Research - EMEA,
  AM Best

• Michael Dunckley, Associate Director, Analytics, AM Best

• Other leading industry experts & viewpoints...TBC

Welcome and Introductory Comments

•  Session Overview

Benchmarking EMEA Ratings

• Latest benchmarking analysis and deep dive into BCRM building blocks
• Key observations and trends

Romeo Berti
Senior Financial Analyst 

An Overview of Global Best’s Capital Adequacy Ratio (BCAR)

• The BCAR depicts the quantitative relationship between a rating unit’s balance sheet strength and key financial risks
• Comparing the BCAR to Solvency II (Standard and Minimum Capital Requirements (SCR & MCR))
  

Criteria Focus — CYBER considerations in the rating process 

• AM Best’s perspective on the growing importance of Cyber insurance
• Analytical considerations and questions
• View on cyber stress tests

IFRS 17 - In Action

• Latest position – where have we landed?
• Market disclosures and comparability
• Understanding KPIs and benchmarking
• Prospective observations

Anthony Silverman
Director, Credit Rating Criteria, Research & Analytics

Konstantin Langowski
Senior Financial Analyst