Panel discussion at Insurtech Insights 2018 conference
The reinsurance industry has been disrupted through competition from alternative capital and is now seeking new pools of risk, according to a panel discussion at the 2018 Insurtech Insights June 19 and 20 conference in London.
Alternative capital has been taking a growing share, particularly in the North American nat cat market, pressuring pricing and forcing traditional reinsurance players to look for new business opportunities.
The reinsurance industry is under pressure to find profitable growth because investors may otherwise stay away from reinsurance companies, Tokio Millennium CEO Stephan Ruoff warned at a panel discussion at the 2018 Insurtech Insights conference.
“We’ve been disrupted,” Ruoff said. In early days, the cost of capital was 10 percent plus, today it is around 5 to 7 percent, he explains.
Insurance, Reinsurance, Insurtech, Growth, Global, Technology, Stephan Ruoff, Adrian Jones, Yann Ranchere, Global