“Capital itself is not the problem. It’s like guns. It’s what you do with the capital that’s the problem.”
Executive SummaryA.M. Best's Matt Mosher discusses the current state of the industry and prospects for a future time when Google and Amazon take insurance business directly to the capital markets, explaining how traditional insurers and rating agencies will adjust their business models.
The surprising analogy came from Matthew Mosher, senior vice president of rating services for A.M. Best Co., during an industry forum in January.
In July, Carrier Management spoke to Mosher about capital as a ratings driver for property/casualty insurance and reinsurance companies, the willingness of insurers and reinsurers to use their capital to take on new risks, and a future time when the likes of Google and Amazon take insurance business directly to the capital markets.