In the final part to Intelligent Insurer's CEO forum, we asked leading CEOs their opinion on cedants' buying habits and how these have changed.
Do you believe the buying habits of cedants have changed in recent years? If so, how? And how have you responded to this?
Amer Ahmed, CEO, Allianz Re: “The buying behaviour of cedants had changed significantly over the last few years, and we at Allianz have been at the forefront of this. Not so long ago reinsurance was often bought by individual lines of business and reinsurance was a risk management tool for individual portfolios.
There has been a marked changed towards reinsurance being purchased across lines of business and looking at the risk profile of the ceding company in total, rather than individual segments, and with a focus on managing overall earnings volatility and capital position.
CEO, Swiss Re, Patria Re, Guy Carp, Hannover Re