A panel of industry experts at the Rendez-Vous de Septembre in Monte Carlo said focusing on client experience, social core values, risk mitigation and reducing the protection gap will help insurers remain relevant in today’s environment.
Sept. 16, 2023
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Panel: Focus on Clients, Social Factors Helps Industry Remain Relevant
ACORD’s Pieroni: Profound Transformation Via AI
ACORD’s Newman: Tech Plays Major Role
Hiscox Re’s Reardon: ILS Market Is Still Rebalancing
Gallagher Re’s Kerton: Market Is Disciplined
Connect’s Elbahou: Hybrid MGA Provides Level of Control
Everest Group’s Andrade: Supply and Demand Gap, Pent-Up Demand to Drive Higher Prices
Scor Global’s Conoscente: Supply and Demand Deficit, Major Cat Could Spur Continued Hard Market
First Net Zero’s Ball: Greater Energy and Production Efficiency Will Lead to Lower Prices
Axis Capital’s Tizzio: Capacity, Pricing Momentum Persist in Market
Fidelis MGU's Mathias: Investors Are Skeptical
Mt. Logan Re’s Modin: Investors Show Renewed Interest in ILS
EY’s Santenac: Rendez-Vous Atmosphere Optimistic
AM Best’s Carter: Reserving Is Something of a Hidden Art
MS Reinsurance's Wiest: Climate Change, ESG Sure To Emerge on Next Year’s Agenda
IGI’s Jabsheh: Reinsurance Segment Expected To Double on New Opportunities
Howden Tiger’s Flandro: Capital Pathway, Collateralized Cover Drive Investor Changes
Praedicat CEO: Data, Models, Experience Aid Casualty Risk Management
Lockton Re’s Gardner: Reinsurer Appetite, Capacity Prevail
Everest Re's Beggs: Capacity Driven by Terms and Conditions
GIC’s Ramaswamy: Industry, India Discuss Partnership to Close Protection Gap
Lloyd’s Tiernan: Creativity Necessary to Solve Protection Gap
Projected Stability in Upcoming Renewals Dominates Discussions at Rendez-Vous
Cyber Panel: Insurers, Reinsurers Think About Cyber Differently
Munich Re’s Prussog: Reinsurance Role Change Is Rooted in Technology
PwC UK’s Bichard: ILS Attracts Variety of Opinions
Discussions Focus on Risk Appetite at Rendez-Vous
Brit’s Bird: Loss Frequency Drives Upward Retentions
Guy Carpenter Execs: Cyber War Exclusions Not Avoidance Ploys
Convex’s Brand: Market Newcomer Focuses on Efficiency
Howden Tiger’s Bredahl: Underwriting Key to MGA Success in Hard Market
Hannover Re’s Ludolphs: Reinsurance Industry Managing Hard Market Well
Aspen’s Cloutier: Investor Appetite for Reinsurance Business Is Strong
Beat Capital’s Cavanagh: Orderly Renewal Season Expected
Sompo’s James: Global Market Shows Signs of Equilibrium, Stability
Phoenix CRetro's Savrassov: ILS Can Play Major Role In Closing Protection Gap
SiriusPoint’s Egan: Deeper Relationships Are Central to Success
Protection Gap Tops Discussions at Rendez-Vous
Lancashire’s Maloney: Most Business Classes Still Attracting Positive Rates
Guy Carpenter’s Priebe: Lines Blurring Between Insurers, Reinsurers
Swiss Re’s Haegeli: Reinsurance Sector Well-Suited to Take On Uncertainties
Conduit Re’s Eckert: Pure Play Means Not Competing With Clients
Peak Re’s Hahn: Opportunities Grow in Emerging Asia Markets
Ariel Re’s Mather: Breaking Down Catastrophes
CyberCube’s Methven: More Capacity Needed to Fuel Cyber Growth
AM Best: Reinsurers Are Maintaining Robust Financial Strength
BMS Re’s Chandler: Economy Continues to Influence Insurance Market
Perils’ Hitz: Loss Data Critical to Modeling Weather Risk
AM Best’s Wong-Fupuy: Capacity Being Deployed, but Cautiously
AM Best’s Holzberger: Market Capitalization Is Resilient
Beazley’s Quane: Capacity Crunch in Property Market
AM Best: Interconnected Themes Will Dominate Discussions at Rendez-Vous
AM Best: Global Reinsurers Face Uncertainty Even as Conditions Improve
AM Best: Munich Re Remains Atop Largest Reinsurer Rankings
AM Best: Dedicated Reinsurance Capital Fluctuates Amid Volatile Market Dynamics
AM Best: Meeting Cost of Capital Will Challenge Some Reinsurers
AM Best: Cat Bonds Lift a Muted ILS Market
AM Best: Market Fundamentals Drive Growing Demand for Health Reinsurance
AM Best: Life/Annuity Reinsurers Remain Prepared for Growth
AM Best: US-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses
AM Best: Fewer Major Cat Events Limit Claims Activity for Latin America Reinsurers
AM Best: Menos Eventos Catastróficos Importantes, Limitan la Siniestralidad para las Reaseguradoras Latinoamericanas