Annual National Reinsurers Summit

September 19-20, 2019 | Russia

Global reinsurance market in the face of new challenges. The annual summit of national reinsurance companies will become a discussion platform to discuss current challenges: Globalization, Protectionism, Regulation, Domestic and International Growth, Niche Solutions, Natural Catastrophes, Agricultural Insurance, InsurTech and Cyber risks. The Russian National Reinsurance Company with the support of the Central Bank of the Russian Federation invites representatives and speakers of all national reinsurance companies of the world to take part in the Summit, which will be held in St. Petersburg on September 19-20, 2019.

Spotlight

Insurance companies should consider the possibility that 10 percent to 20 percent of all claims may be fraudulent. The impact is enormous. Fraud losses weaken an insurer’s financial position and undermine its ability to offer competitive rates and to underwrite reputable and potentially profitable business. For policyholders, fraud losses lead to higher premiums. In this supposedly victimless crime, everybody ends up paying the price. Governments have responded with new regulations and centralized fraud bureaus. Insurance companies have responded by establishing special investigative units (SIUs) armed with computer-based tools to detect and prevent fraud. Yet the problem continues to grow, and in recent years, it has grown significantly.


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Spotlight

Insurance companies should consider the possibility that 10 percent to 20 percent of all claims may be fraudulent. The impact is enormous. Fraud losses weaken an insurer’s financial position and undermine its ability to offer competitive rates and to underwrite reputable and potentially profitable business. For policyholders, fraud losses lead to higher premiums. In this supposedly victimless crime, everybody ends up paying the price. Governments have responded with new regulations and centralized fraud bureaus. Insurance companies have responded by establishing special investigative units (SIUs) armed with computer-based tools to detect and prevent fraud. Yet the problem continues to grow, and in recent years, it has grown significantly.

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