Intelligent Insurer asked a range of industry figures: Could cheaper reinsurance/ILS coverage long term mean cedants buy more coverage?
“More is not necessarily better; and as we help our clients manage risk more efficiently, we are not simply seeking a bigger solution or more coverage but pursuing more effective, innovative and flexible coverage tailored to their specific needs.
“With improved transparency and process standardisation, access to non-traditional products, such as private ILS and catastrophe bond transactions, is becoming more frequently achievable. Within this arena, it is not the price that will determine whether cedants buy more coverage, but the increased access to an overall better solution that will attract them to change their buying habits.”
Romulo Braga, senior vice president in the property & casualty reinsurance team, BMS
Soapbox, Reinsurance, ILS, Intelligent Insurer