The US (re)insurance industry is awash with opportunity, from new and developing classes of business to the rise of nascent technologies designed to assist and improve underwriting all helping to push the market forward.
At the same time, the multitude of M&A deals on both the underwriting and broking sides of the sector mean opportunities will arise for companies looking to bolster their operations.
Furthermore, the US economy is in rude health, and that has traditionally led to growth for the (re)insurance industry.
While there are many positives for the US (re)insurance industry at present, the market is not without its challenges however.
Competition remains intense, and even after the natural catastrophes of 2017 and 2018, significant increases in pricing remain hard to achieve in many lines of business, even those that have been impacted by losses. At the same time, the losses borne by the market in 2017 have continued to deteriorate, putting the spotlight once again on the thin margins being achieved.
It is with this backdrop that The Insurance Insider presents their flagship North American conference taking place on 21 March at Convene.