Presentations

I.I.I. Economic Snapshot: Quarterly P/C Industry Snapshot
October 15, 2019

The Economic Snapshot is I.I.I.’s regular look at important trends that shape the property/casualty industry updated quarterly. This PowerPoint report discusses economic forces affecting property/casualty (P/C) insurance, provides an overview of business lines; and gives special attention to the state of employment in the industry. In an analysis of 53 economic indicators, most see slow growth in the economy in the second half of 2019 and throughout 2020....

Industry Update: Yesterday, Today and Tomorrow
October 15, 2019

James Lynch, FCAS MAAA, Chief Actuary presented at Central States Actuarial Forum on October 15, 2019 in Grinnell, Iowa....

Industry Update: Yesterday, Today and Tomorrow
September 10, 2019

James Lynch, FCAS MAAA, Chief Actuary presented at CPCU I-Day on September 10, 2019 in Columbia, Mo....

Property/Casualty Insurance: A Brief Tour
September 09, 2019

James Lynch, FCAS MAAA, Chief Actuary presented to the University of Missouri Risk Management students on September 9, 2019 in Columbia, Mo....

Economic Update & Emerging Industry Trends
August 06, 2019

Dr. Michel Léonard presented at the 112th Mid-Atlantic Mutual Advantage Convention for the Economic Update and Emerging Industry Trends in Pittsburgh, PA on August 6, 2019. Dr. Léonard discussed the current economic performance of the U.S.’s property/casualty (p/c) insurers with insights into the trends impacting commercial and personal insurers’ underwriting, investment income, and loss ratios....

I.I.I. Economic Snapshot: Quarterly P/C Industry Snapshot
July 15, 2019

This report begins with an overview of key economic indicators, as they pertain to the property/casualty insurance industry. It also includes a deep dive into personal auto that discusses combine ratios, auto loss costs, and compares personal auto claim frequency and severity by coverage, 2019 vs. 2018. A special section on political risk insurance shows that while these risks used to arise mainly in emerging markets, this risk seems to be growing, even in the U.S....

The Age of Extreme Weather
May 21, 2019

James Lynch, FCAS MAAA, Chief Actuary, presented on May 21, 2019 to the Casualty Actuarial Society Spring Meeting in New Orleans, Louisiana....

Overview of US P/C and marine market
May 07, 2019

This presentation given by I.I.I. Chief Actuary James Lynch to American Institute of Marine Underwriters in New York, NY on May 7, 2019 begins with an overview of Q4 2018 P/C industry financial results and continues with a detailed discussion of Marine industry underwriting results. Global economic factors and risk factors are also presented. The report also includes a section that addresses wind power....

Rating Automobile Insurance
May 01, 2019

James Lynch, Insurance Information Institute chief actuary, provided testimony on May 1, 2019 at 10 a.m. before the U.S. House of Representatives in Washington, D.C. The U.S. House hearing webcast discussed Examining Discrimination in the Automobile Loan and Insurance Industries....

Being Resilient with Insurance
April 25, 2019

Lynne McChristian delivered this presentation on April 25, 2019, in a session that also featured Susan Millerick of the Insurance Institute for Business & Home Safety titled “Last House Standing: Building Resilience on Purpose” at the National Hurricane Conference in New Orleans. We can build homes that survive devastating hurricanes. Images of FORTIFIED homes left standing give stark proof that wind resilience works—at any price point....

Insurance: Financial Resilience
April 17, 2019

Janet Ruiz, Director Strategic Communication presented on April 17, 2019 at the University of California, Division of Agriculture and Natural Resources Fire Summit in Redding, California....

I.I.I. Economic Snapshot: Quarterly P/C Industry Snapshot
April 12, 2019

This report focuses on the key economic indicators pertinent to the property/casualty (P/C) insurance industry, and takes a deep dive in the following areas: the HO exposure base; catastrophe claims by season; commercial property premiums; and P/C industry operating ratio. The presentation also includes a special section on vehicle travel prediction....

Insurance: Vanguard of the Resilient
April 03, 2019

James Lynch, FCAS MAAA, Chief Actuary, presented on April 3, 2019 to Mississippi Insurance Day in Starkville, Mississippi....

Rising auto costs
March 27, 2019

This presentation, delivered by Insurance Information Institute Chief Actuary James Lynch at the CAS Ratemaking, Product and Modeling Seminar in Boston, Massachusetts on March 27, 2019, explores the factors behind rising auto rates. Some issues addressed include rising accident costs, collision claims frequency, distracted driving, the rising cost of auto repair and more miles driven. A brief discussion of the impact of marijuana legalization on insurance is also presented....

Florida’s assignment of benefits crisis
March 15, 2019

James Lynch, FCAS MAAA, Chief Actuary, presented on March 15, 2019 to the National Council of Insurance Legislators Re: Assignment of Benefits in Nashville, TN....

Insurance Industry Employment Trends: 1990-2018 (January 2019)
March 11, 2019

By Steven Weisbart, Chief Economist The U.S. Labor Department’s Bureau of Labor Statistics (BLS) just published data as of January 2019 on detailed insurance industry employment, and the Insurance Information Institute (I.I.I.) website contains updated multi-decade trend data in chart form....

Insurance: Vanguard of the Resilient
March 09, 2019

James Lynch, FCAS MAAA, Chief Actuary, presented on March 9, 2019 to AAA Oregon/Idaho Convention in Portland, OR....

I.I.I./ICM Presents Recruitment and Retention: Best Practices and Paths Not Taken
February 25, 2019

This webinar was presented by I.I.I./ICM on February 20, 2019 at 12:00pm. In this hour-long session, a panel of insurance experts shared insights and best practices for engaging top young talent from non-RMI backgrounds and optimizing recruitment, from on-boarding to retention....

Insurance: Vanguard of the Resilient
February 12, 2019

This presentation, delivered by Insurance Information Institute Chief Actuary James Lynch at the Elevate Conference on February 12, 2019, discusses the many ways in which insurance is leading the way in developing resilience to risk. It details insurance industry initiatives and how the insurance industry is transforming itself to address present and emerging risks in natural and man-made catastrophes, the geopolitical and economic spheres and the technology space....

Assignment Of Benefits In The State Of Florida
February 07, 2019

James Lynch, I.I.I. chief actuary, provided testimony before the Florida House Civil Justice Subcommittee on February 7, 2019....

Insurance Industry Employment Trends: 1990-2018 (December 2018)
February 05, 2019

By Steven Weisbart, Chief Economist The U.S. Labor Department’s Bureau of Labor Statistics (BLS) just published data as of December 2018 on detailed insurance industry employment, and the Insurance Information Institute (I.I.I.) website contains updated multi-decade trend data in chart form....

Assignment Of Benefits In The State Of Florida
February 04, 2019

James Lynch, I.I.I. chief actuary, provided testimony before the Florida Senate Committee on Banking and Insurance on February 4, 2019....

I.I.I. Economic Snapshot: Fourth Quarter 2018
January 28, 2019

This quarter’s economic snapshot examines how the property/casualty industry weathers recessions and other economic slowdowns, looking at how downturns affect premium growth, profits, exposures and accident rates. The downloadable presentation also summarizes the short- and medium-term outlook for financial markets and the U.S. economy. It also shows how leading indicators are likely to affect personal and commercial line insurers....

Insurance Industry Employment Trends: 1990-2018 (November 2018)
January 08, 2019

By Steven Weisbart, Chief Economist The U.S. Labor Department’s Bureau of Labor Statistics (BLS) just published data as of November 2018 on detailed insurance industry employment, and the Insurance Information Institute (I.I.I.) website contains updated multi-decade trend data in chart form....