It is a fast-changing landscape for reinsurance buyers with changes in the market forcing them to re-think strategies and invest in expertise and technology. But this adjustment is not that recent for some—for some of the bigger players it is more a continuum of a process kick-started almost a decade ago.
"We now have a framework in place that we can activate whenever suitable to contribute to the achievement of the group’s targets." Mirko Sartori
A combination of regulatory measures, rating agency requirements and an ever-increasing array of options around reinsurance structures and the types of coverage available has meant the process and skills required around buying reinsurance and other forms of risk coverage has changed beyond all recognition in recent years.
Zurich, Allianz Re, Solvency II, Generali, Liberty Mutual, Europe