Reinsurance

"We can't forget, now that we're 30 years on from Huricane Andrew, that it only takes one storm to make a huge difference in a season," says Churney.

“It’s very important to think about the different scenarios that you’re going to plan for and be realistic about that,” says Brookes about setting climate change targets, “but also to set up a framework and approach that can be flexible as you do that.”

Reinsurance leaders attending the Rendez-Vous de Septembre conference in Monte Carlo this year shared different views on what is the industry’s biggest challenge today.

“The demand for reinsurance has never been stronger,” says Massimo Reina of Guy Carpenter

“The demand for reinsurance has never been stronger,” says Massimo Reina of Guy Carpenter

Managing general agents are continuing to give the reinsurance market a much-welcome boost

"We will weather the storm together," says Beggs. "The purpose of reinsurance is to provide peace of mind, stability and protection."

The industry’s leading firms are making inroads into the thriving MGA sector

From investing to partnering with insurtechs, reinsurers are playing an important role in the startup ecosystem

ne of the biggest challenges when reviewing the MGA market is pinning it down

The industry’s innovators are making an increasing impact

The nation recently recorded almost $4bn in losses in less than three months

“The demand for reinsurance has never been stronger,” says Massimo Reina of Guy Carpenter

Whether from primary or secondary perils, losses from natural disasters have now exceeded cat budgets for some years in a row. The frequency and severity of events have exceeded our expectations, usually based on internal and vendor cat models. Efforts have been made using multiple granular economic and risk data to better understand what and where the insured values are (including density, inflation and business interruption), but we are forced to recognize the changing nature of events we face.

Some predict that the cyber insurance market will be comparable in size to the P&C market by 2040. Getting into our current understanding of cyber risk is John Coletti, head of cyber reinsurance at Swiss Re

How insurers can prepare for unexpected, unmodelled shock losses

There’s been no let-up in nat cat events so far this year, with insured losses topping $10bn in the first quarter alone, for the sixth consecutive year.

The industry is getting to grips with integrating climate change into risk management processes

Geospatial innovations are a game changer for the industry

Insurers are adopting trailblazing solutions to predict the locations of large-scale infernos

Climate change has long been on the risk register of (re)insurers across the globe.

Managing wildfire risk is ancincreasing concern for reinsurers. Last week, Meg Green, managing editor of Insider Engage, sat down with Bob Frady to discuss all things wildfire and reinsurance.

But are the burdens placed on businesses too unrealistic?

Mike Mitchell says reinsurers face a 'tense balance' to manage volatility and capacity

The reinsurance market is “delicately poised” going into renewals, meaning negotiations in Monte Carlo might be fraught.

The market is returning to the Mediterranean spot for the first time since 2019

Though underwriting gains are likely to offset some losses, says AM Best

Global political and economic issues create a turbulent outlook for the reinsurance industry

Join Insider Engage for a free webinar, in partnership with RMS

Ann Haugh from Axis Re discusses managing risk and volatility in the global property reinsurance market, and the war for talent.