Insights on the U.S. Auto Insurance Industry at Upcoming Conference
AM Best Presentation at Big I Illinois’ CONVO 2024
AM Best is set to play a significant role at the upcoming Big I Illinois’ CONVO 2024 Conference as it leads an engaging session focusing on the U.S. auto insurance industry. This conference will take place from October 15 to October 17 in Peoria, emphasizing the need for insurance professionals to stay updated on the latest trends and challenges.
Understanding the Auto Insurance Landscape
On October 16, Janet Hernandez, a senior financial analyst at AM Best, will present a compelling session entitled “The State of the Auto Market – A Perspective From AM Best.” This session promises to delve into the pressing challenges facing the auto insurance segment. Topics of discussion will include critical issues such as rate adequacy and the surge in the costs associated with claims. Importantly, Hernandez will also highlight the positive market trends including the rise of innovative practices within the industry, particularly the adoption of telematics.
Significance of CONVO 2024
CONVO 2024 serves as a vital meeting point for independent insurance professionals across the region, boasting the largest industry tradeshow in the Midwest. This event not only facilitates networking opportunities but also offers insights into industry developments. It focuses on enabling professionals to enhance their knowledge and adapt to the ever-evolving market.
What to Expect from the Session
Attendees can expect an enriching experience that provides a thorough analysis of the auto insurance landscape. Hernandez's experience at AM Best, where she has been since 2010, has equipped her with valuable insights into North American property and casualty insurers. Her expertise will be beneficial as she discusses how the Illinois auto insurance market compares to the broader national context.
About AM Best
AM Best is renowned as a global credit rating agency, specializing in the insurance sector and offering data analytics and publishing services. The firm operates in over 100 countries, maintaining regional offices in key global locations such as London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. AM Best plays a critical role in providing ratings and research that are paramount for understanding the financial strength of various insurers.
Stay Connected with AM Best
For those interested in more information about AM Best's activities and offerings, the company's website is a valuable resource. It provides access to a plethora of the latest research and analytical insights that can help stakeholders stay ahead in the dynamic insurance landscape.
Frequently Asked Questions
What topics will be covered in the AM Best session?
The session will cover challenges like rate adequacy, rising claim costs, and industry innovations through telematics.
Who is speaking at the CONVO 2024 Conference?
Janet Hernandez, a senior financial analyst at AM Best, will lead the discussion.
When is the CONVO 2024 Conference taking place?
The conference is scheduled for October 15-17, 2024.
Where is the conference held?
It will be held at the Peoria Civic Center in Peoria, Illinois.
What role does AM Best play in the insurance industry?
AM Best is a global credit rating agency that specializes in data analytics and publishing focused on the insurance sector.
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