IAR 2020 Americas: Day 2 round up

Channels: USA focus

Insurance Asset Risk 2020 Americas conference has wrapped up after two packed day of panels, speed networking sessions, and discussion groups.

A round up of Day 1 is available here.

During Day 2, delegates heard how the COVID-19 pandemic's impact on USA insurer portfolios is very difficult to model.

Although there were opportunities to pick up cheap assets in 2020, insurers note that as prices reversed within weeks of falling, taking advantage of these was not an easy ask this year.

However, insurers were upbeat about opportunities in alternatives which they say have emerged even stronger from COVID-19 crisis. The stress that COVID-19 has created around markets has not affected the role that illiquids and alternatives play in underwriters' portfolios, and they remain particularly good investments for insurers.

The last panel of the Day 2 addressed the art of stress testing liquidity, they discussed the ins and outs of liquidity stress testing, from the design of the test to the use of the results.

During the panel, Justin Schrader, chief financial examiner at the Nebraska Insurance Department, revealed that the USA National Association of Insurance Commissioners had paused its liquidity stress test programme, due to the live one currently underway in the form of the pandemic.

All panels and sessions are available on demand on the events platform for another two months.

Registered delegates can access the replays here. Non-registered delegates can contact events@fieldgibsonmedia.com for access. Re/insurers, regulators and commissions can register for free by emailing events@fieldgibsonmedia.com

Vincent Huck