Insurers have many opportunities to grow: AON Benfield
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), reveals eight trends that create opportunities for insurers at the Aon Benfield 13th Biennial Hazards Conference in Australia.
Bryon Ehrhart, Chief Strategy Officer for Aon Benfield and Chairman of its Analytics and Investment Banking divisions, will be introducing the conference by discussing the emerging global trends impacting insurance markets. This is part of the ‘Think Outside the Risk’ theme, which aims to stimulate thinking among delegates about big picture trends.
Mr. Ehrhart will discuss the business drivers and influences that are now changing key segments of the global insurance markets. These include:
1. Auto safety
2. Urbanization
3. Low interest rates and longevity
4. Pace of technology change
5. Segmentation
6. Changing governmental roles
7. Catastrophic corporate liability
8. Strained government finances
Mr. Ehrhart commented: “Insurers have so many new opportunities to grow. The products and services insurers can offer to address the new financial risks faced by consumers as employers and governments eliminate or reduce their participation in programs that have heretofore provided stability for short and long-term risks of families.”