X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Thomas Anderson, head of sales, U.S., for AdvantageGo, said: “I would say in five years, we will probably look back at this conversation and laugh at saying: ‘wow, we’ve gone so far.’ We are at the starting line, and now we have to put the pedal to the metal.” (Credit: Wright Studio/Shutterstock.com) Thomas Anderson, head of sales, U.S. for AdvantageGo, said: “I would say in five years, we will probably look back at this conversation and laugh at saying: ‘Wow, we’ve gone so far.’ We are at the starting line, and now we have to put the pedal to the metal.” (Credit: Wright Studio/Shutterstock.com)

Despite running their portfolios through risk scenarios and looking at maximum loss potential, some in the industry were caught off guard by how deeply systemic risk ran through their organizations during 2020, said panelists at a Reuters’ Future of Insurance event.

“We always say we have all these unknown unknowns. You don’t know what’s truly going to happen,” said Nancy Bewlay, global chief underwriting officer of AXA XL. She noted a question brought up from the past year on “how to provide contract certainty to clients” while making sure that the objective is clear to all stakeholders.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.