Closing General Session: State of the P&C Industry and the Impact of Current Trends on Affordability

Dale Porfilio joined The Institutes in 2021 to serve as Chief Insurance Officer for the Insurance Information Institute (Triple-I) and President of the Insurance Research Council (IRC). In these roles, he leads the research and education activities of both organizations, working closely with Triple-I and IRC subject-matter experts to develop data-driven industry insights and analyses. Dale previously worked at Genworth Financial, Kemper, and Allstate for a total of 29 years. Dale is a Fellow of the Casualty Actuarial Society (FCAS) and Member of the American Academy of Actuaries (MAAA).

The General session will begin with an overview of the Insurance Information Institute’s (Triple-I) insurance economics outlook and underwriting projections, updated quarterly by their economists and actuaries. The session then transitions to Triple-I’s perspective on key risks and opportunities facing the insurance industry, including climate risk, legal system abuse, cyber, and risk-based pricing. The session will close with research from the Insurance Research Council on the affordability of personal auto and homeowners insurance, most poignantly in Florida.