Cost Drivers and Affordability in Automobile and Homeowners Insurance

The affordability of personal insurance has become a growing concern for consumers, insurers, regulators, and policymakers. Rising claim costs, inflation, catastrophe losses, supply chain disruptions, and changing economic conditions have contributed to increased costs in both private passenger automobile and homeowners insurance markets. At the same time, consumers are facing important decisions about coverage options, deductibles, and managing their financial risks. 

This webinar will examine the key factors driving insurance affordability in personal lines. Committee members will discuss emerging cost pressures (such as vehicle repair and replacement expenses), construction and rebuilding costs, severe weather events, and broader economic trends that influence insurance premiums. This webinar will also explore how coverage design, consumer behavior, and market dynamics impact both the affordability and availability of insurance protection.  

Attendees will gain a better understanding of the challenges facing today’s personal insurance marketplace and the considerations involved in balancing affordability, consumer protection, and financial sustainability.  

At the conclusion of this webinar, attendees will be able to: 

• Understand key drivers affecting the affordability of insurance in personal lines.   
• Describe how economic, market, and risk-related factors influence insurance costs and premiums. 
• Recognize how coverage options, deductibles, and consumer choices can affect insurance affordability and financial protection.  

MODERATOR

Amy Ning, MAAA, FCAS
Chairperson, Automobile Insurance Committee 

SPEAKERS

Jared Smollik, MAAA, FCAS, CERA 
Interested Party, Automobile Insurance Committee 

Margo MacKenzie, MAAA, ACAS 
Member, Automobile Insurance Committee 

Norman Niami, MAAA, FCAS 
Member, Homeowners Insurance Task Force

REGISTRATION

Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration.

For more information about this webinar, contact [email protected].

Event Pricing

• Members: $55
• Nonmembers: $110
• Group Registration for Academy Members: $500

Complimentary registration is available to the following cohorts of Academy members. Contact [email protected] to request a discount code to register.

• Government regulators
• Academy volunteers who meet both
  • “active” members of an Academy committee, board, subcommittee, task force, or work group; and
  • qualified for either a partial or full dues waiver during 2026.

Contact [email protected] to request a discount code to register.

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.5 organized continuing education (CE) credits for attending this live webinar. 

ADDITIONAL INFORMATION
Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn mo