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Connectivity

Next week the 84th IMUA Annual will kick off to over 280 underwriters, brokers and interested parties. And once again this group of professionals has now come to focus on issues that pertain to their business.

One of the highlights of this meeting is the keynote address. Always well attended, the group is updated on the present state of the property & casualty industry in general and the inland marine product more specifically. Always given by an industry leader, this year is no exception. Dr. Steven Weisbart, CLU, The Insurance Information Institute's Senior Vice President & Chief Economist will gaze into his crystal ball and discuss the outlook for the property & casualty insurance industry for the coming year and beyond.

Focusing on the performance of the inland marine line he will not doubt tackle trends such issues as profitability and underwriting performance, as well as market and economic forces driving growth. Other issues of importance that he will concentrate on for the group will include the impacts of financial market performance, including the consequences of rising interest rates as the Fed continues to “taper” as it unwinds its unprecedented bond buying program.

Other questions meeting attendees will be looking for answers to include catastrophe loss trends, with an eye towards the upcoming hurricane season.

As Dr. Weisbart provides his complete economic outlook focusing on those factors driving commercial lines exposure growth, it becomes clearer and clearer the importance of the IMUA and the benefits it brings its members. And, not only once a year during the Annual Meeting, but on a day-to-day basis. The IMUA is the voice on inland marine. It is the trigger for professional development. It is the total information resource for members through its papers and reports. And now, through its social media efforts, the “online” meeting place for professional networking.

 IMUA theme for this year's meeting is “Connectivity.” And, I can see why.



Dr. Steven Weisbart, CLU
The Insurance Information Institute

 

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