In a recent AM Best TV video interview at RIMS 2022, Sompo’s Head of Business Development North America, Jon Monks, shared his views on what is driving rate and what Sompo is doing to price and manage risks appropriately. Insurers are trying to help companies understand risk-specific issues and determining appropriate levels of rate required to drive sustainability for the industry, he said.
Watch the video to hear more from Jon, including how climate change and the current geopolitical climate are effecting the industry.