Page 5 - Insurance Times March 2020

=<@"%ab"$c&d'&,$/'(&$.($"#"#"$H9KB549?K9D;9Q9=6?649?59:>:>:9k75H9S7A79W:3934546789:5;<675=49>?9K?69NB?87;9X4459@<884H9<@9XL9:DjW:9B5<5A;9?KK464H9XL9FBN459A?9AF49B5;<675=49W:978;?9?X;46N4H9AF7A=4^9K?69796B;I9K?6979@4;<67B4;U9ZFB=FX76H94768L964rA;^AF49@?5;45

;@647H9@7=?N469K?69<=647;49B

B5;<675=49;4MJ45A97889?75=B4;9<5H4SF49B5=647;4H9@K4=A9K6?J9T75<76W==?6H;?<6=4;U9AF6?<5?ABKB4H9AF49M4545B4;97X?<A9BA;9B5@64JB<J;R9SF48?Z4H9K?697889?==<K?69@<X8B=9;4=A?XL9]V9@469=45A97M4546789B5;<646;=45AU^9;7BH9AF4K?6J4H9B5;<646;9K?88?Z9AF49X<6B;9X7;B=788L9AF49XW594_4=<AB46789B5;<675=49=;7LB5M9AF7A9M45@75B4;9;F?<8H9K?879JB5BJ<J9@Z4976495?Z9J@6B=B5MR9:59AF4954X7;4H9@6B=B5M9B;X49?==<@75=B4;9ZM?9<@R^
=?5AA?9@?8B=LF?8H5B4;9B59A459?KK46B5M9[?N46;47;M<87A?69F7H9KB84H459K?<5H9XL9AF4?<@975H9B5HBNBH<789@4AF94768B469KB84H9A46J;87A?6q;9Z7A=F9K?69=8?;B5A975H9J45AB?5B5M9[5DjW:984NB4H9KB54;9?59:>:9@64JB<J9ZBAF?<A97A9AF49B5;<6469[F79H?=<J45A76L94NBH4F49M?N465J45A99H4@??69K7BAF9B59H4@?;BA;9A?9AF49j4@?;BA9:5;?@?;789B;979FBMF8L9=?5KBH45AB?59?K9X75I;R9s?=647;4U9AF49H4@?467AB5M94_@45;4;9?K9X75IF4L976495?A97X849A?9@|\9}936?

e.1f+*gh$i+-+$b"!?JX76H934546789:5;<675=49>?AB5M9N76B?<;9AF4?;@BA78;=?J@7G9:>:>:9@46B?H9?K9mnV6B?H9?K9no]9H7L;R5=49=?J@75L9F7H9B;;<4H9Z46495?A9B59=?J@8BGF7;978;?9=?J49<5H464=AB5M9AF49=87BJ9?697;9AF49647;?5R9M6?<5H9?K9=?884=AB5M97HG8B=LF?8H46R9SF4964M<GA9?K9AF49@?8B=LF?8H46+()&$).d&*$/.*$20-.$u$c+vw$./$g&x47I9X75I;9A?9788?Z9B5;<675=4987IFU9ZFB=F9ZB8
SF49:DjW:9F7;9BJ@?;45?6J;R9:>:>:9k?JX76H9F74_A9?K95?A9@6?NBHB5M9AF49HB;=?46;U9ZFB=F9Z7;9MF49675M49?K9OG]lR9:Dj9;A<H45A9B5;<6759ZBAF9AF49B5;<646964M<87A?69AF7A9AF49B56;?57897==BH45A9@?8B=R9p475ZFB84U9:>:>:9k?JM9=87BJ;9ZBAF?<A9=8?5G64=4B@A9?K9H?=<J45>:9k?JX76H9?59AF44_@8B=BA8L9B5K?6JB5M9H9@64;<J4H9AF49=?5=49?K9=?5;45A^RF7;9H4;BA;9K6?J9AF49=<66R9s?Z4N46U9AF49X75<675=4975H9>64HBA93<767=4GX??;AB5M9J47;Z4N46U9MBN459AF7;BA9B5;<675=49@6
!"#$%&$'()*&+,&,$*+-&,$.//'*&$0*&1'2134546789:5;<675=49>?6@?67AB?59C3:>D4E9F7;975G5?<5=4H97FBI49B59BA;@64JB<J;K?69AF4@6?@46ALN469OPQ9?=G69AF49KB649@?6AK?8B?R64JB<J9=7J49B594KGL9QU9OVOVRB5M9A?9AF49B5K?6J7AB?59K6?JMF979=B6=<87693:>9F7;6789B5;<675=49=?J@7GA45AB?59A?9B5=647;49:YY967A4;9ZB889X49K?8G@75=B4;R9[\64JB<J;69B5;<646;9J7L9M?9<@5H9K?69@6BN7A49;4=A?6U9BA9J7L96B;49OOGO]9@469;?<6=4R93:>9F7;9B5GAF7A9AF4L9ZB889F7N49A?59=?;A9=?5=4@AU9ZFB=F647IG4N45967A4RN49?K979@6B
k?JX76H9F7H9X4H7L;9ZFB849AF4964:A9F7;978;?9X4?AF469M675=49ZBAF4964M<7==4@AB5M9Bs?Z4N46U9:N75=496454Z7887A?695?A4H9AFZBAF?<A975L5B=9B59AF49B5H<;A6LU9A@9A?9D;9]987IF9?K5N4;A@64JB<J9[SF49@6H4@?;BA97==648BI48L9A?9B5AF49?@AF494_A45A9A`6B5BN7;75U9`W;9\p>9ZF4649AF49@X75I;R9WQVV9@469D;9Q