AM Best will lead a session on the state of the U.S. auto insurance industry in the Big I Illinois’ CONVO 2024 Conference, taking place Oct. 15-17, 2024, in Peoria, IL.

Janet Hernandez, senior financial analyst, AM Best, will speak on Wednesday, Oct. 16, at a session, titled, “The State of the Auto Market – A Perspective From AM Best.” During the session, Hernandez will focus on the headwinds auto insurers are facing, including rate adequacy and the rapidly increasing costs of claims, as well as market tailwinds, such as improved industry innovation with greater use of telematics. She also will discuss how Illinois’ auto insurance market compares nationally. Hernandez has been with AM Best since 2010 and conducts analysis on a portfolio of North American property/casualty insurers.

CONVO 2024 is geared toward independent insurance professionals in Illinois and is host to the largest industry tradeshow in the Midwest. For further information on CONVO 2024, which is taking place at the Peoria Civic Center, at https://www.ilbigi.org/events/big-i-illinois-convo.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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