The March 8, 2024 Council Brief covered climate-related regulatory and legislative developments affecting commercial insurance, upcoming EBLF registration deadlines, and spring working group sign-up information. The brief highlighted the growing intersection of climate risk, regulatory response, and commercial insurance market conditions. Member firms were encouraged to register for spring working group meetings to engage on key operational and policy issues.
The Q1 2024 Issue of A Climate of Change is Now Available
Based on feedback from our members and the response to our Q4 survey, we will continue to track legislative, regulatory and market developments stemming from climate-related risk in 2024 via our quarterly newsletter, A Climate of Change. This quarter, we dig into the progression of the INSURE Act through Congress, inquiries into carriers across states most affected by severe weather events, and ESG trends across our industry.
Get Up to Speed in Under Two Minutes with the Q4 P/C Market Survey Video Summary
The Council’s recently released quarterly P/C Market Survey shows that almost all lines of business recorded smaller premium increases in Q4 2023 than in the previous quarter. The numbers revealed that the same challenging factors from previous quarters were still at play: issues with reinsurance affordability and availability, climate change-driven natural catastrophe losses, and inflation.
Read the Q4 2023 P/C Market survey.
Announcing the Winners of the 2024 International Broker Challenge
The Council recently held its annual International Broker Challenge, powered by CNA Insurance, in Prague. Jonathan Höh and Irma Ibrahimpasic-Hadzic with GrEco International Holdings, and Francelina Santos and Lívia Bisoni with MDS Group, emerged as winners of the competition with a perfect score, and set 4 world records.
Thank you to all the participating firms: Ecclesia Group, Meijers Assurantiën, Miller, GrEco International Holdings, MDS Group, RENOMIA, SUDVERS GmbH, INSER Spa, and Verlingue. It was a great competition.
Learn more about the International Broker Challenge.
Register for The Council’s Spring Working Groups: Claims & Risk Management, HR & Talent Development
Registration is open for ftwo of The Council’s eight Spring Working Groups. As a reminder, there will no longer be a registration fee for your Spring Working Group meetings.
The Claims & Risk Management Working Group will be held April 23-24, also in Washington D.C. The event will feature a presentation from Lucy Straker at Beazley who will discuss armed assailants and crisis management.
Learn more about the Claims & Risk Management Working Group.
The HR & Talent Development Working Groups will meet May 7-9 in Washington, D.C. Registrants can choose to attend HR, Talent Development, or both working group sessions. More detailed information on agenda topics and speakers are forthcoming.
Learn more about the HR & Talent Development Working Groups.
February 2024 Legal Counsel Working Group and CEBE Meeting Recaps
The Legal Counsel Working Group and the Council of Employee Benefits Executives (CEBE) both held meetings during the 2024 Legislative Summit. The groups received political and legislative updates, discussed National Association of Insurance Commissioners (NAIC) and National Conference of Insurance Legislators (NCOIL) and continued ongoing discussions on a variety of topics including PBM transparency.
Download the Legal Counsel Working Group recap.
Download a full recap of the 2024 Legislative Summit, including a gallery of images.
Registration & Housing Deadline Approaching for the 2024 Employee Benefits Leadership Forum
The registration and housing deadline for The Council’s annual Employee Benefits Leadership Forum, (May 28-31 in Colorado Springs, CO) is Friday, March 22. This leadership forum allows attendees to conduct key strategic market meetings, build relationships and collaborate on effective ways to support employers (and their employees) as the healthcare landscape continues to transform.
