1. GLOBAL MARKET PERSPECTIVE
THE CHANGING GLOBAL INSURANCE MARKET
September 30, 2013
Michael J. Morrissey
President & Chief Executive Officer
International Insurance Society

2. International Insurance Society
Oldest and Largest Industry Association
Members from 95 Countries
Executives, Regulators & Scholars
Open Forum for Discussion
Insurance Hall of Fame
Shin Research Excellence Awards
IIS Annual Seminar

3. 2013 IIS Annual Seminar Highlights
Changing Demographics
The Battle to Define the Optimal Regulatory Framework
Older Age Financial Security in an Aging World
Natural Catastrophes: More Frequent, More Severe

4. 2013 IIS Annual Seminar Highlights
Investing in a Low Yield Environment
Prospects for Increased M&A Activity
Human Capital & the War for Talent
The United Nations Environmental Program – Finance Initiative: Principles for Sustainable Insurance

5. 2013 Monte Carlo Rendezvous Highlights
CONVERGENCE
Insurance & Capital Markets
Focus: US Peak Property CAT Risk
Trend to Redeploy Capital to Other Areas
Some (Predictable) Doubters

6. 2013 Monte Carlo Rendezvous Highlights
Potential Alliances with Asset Management Firms
Consideration of Specialty Lines, Primary Businesses & Long Tail Lines
Second Tier Reinsurer Concerns
Downward Pressure on 1/1/17 Renewal Rates

7. Looking Ahead Convergence drives more focus on core skill sets.
Regulators are driving insurers to invest inefficiently.
Public/Private Partnerships on the rise in Life and Nonlife issues.
Those able to harness Big Data will triumph in growth and profitability.
Insurance industry increasingly seen as force for the good of society.

8. THANK YOU
DIFC
Global Reinsurance
Attendees