The Monte Carlo Rendez-Vous offers re/insurance executives the chance to discuss the challenges and opportunities facing their industry. Intelligent Insurer pulls together some of main points of those discussions.
As delegates arrived in Monte Carlo, many were still struggling to come to terms with the release of RMS’s version 11 model for US Hurricane and European Windstorm and what the adjustments would mean for their coverage limits. As such, the more fundamental point of the industry’s reliance on such models was a major talking point at this year’s event.
At his official press conference, Jean-Phillipe Thierry, the former Allianz board member who is now president of the Rendez-Vous, warned about the industry’s wide-spread reliance on external catastrophe modelling.
Europe, Solvency II, Rendez-Vous