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16 November 2016 Alternative Risk Transfer
The cat in the (aluminum foil) hat: cyber and other specialty risks to drive ILS growth
The most popular way to attain profitable growth, it seems, is just to wait for the market to harden. All it takes is a little patience, right?
Of course, that isn’t realistic. The pressures to drive results for one’s stakeholders are agnostic to reinsurance rate trends. We have no choice but to press on. And it’s not as if a major catastrophe event would change the market anyway. With reports swirling around of a market-hardening loss needing to exceed $200 billion, we’re basically stuck waiting for one of the following:
