How will tariffs affect loss costs for P&C insurers? That is the question 15 insurance professionals met to discuss in a recent brainstorming session.
Our session revealed many impressive insights, including thoughts on how to model the expected effects of tariffs on loss costs.
My sincere thanks to everyone who invested their valuable time to explore this topic, including Kevin Brazee, Jim Farmer, CPA, CPCU, Mikalai Filon, FCAS, Keli Haravitch, Elina Koganski, Amit Kumar, Madhuri (Maddy) Kumar, Rebecca Mozi, ACAS, MAAA, Tho Ngo, Patrick O’Rourke, FCAS, MAAA, Michael J. Samuels, ASA, Raúl Socha, William Wilt, and everyone else who participated in the meeting.
The attached PDF reflects my distillation and interpretation of our session. If you find this valuable, please let us know. I know that many in the group are open to further exploration of this important topic.