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Insurance
The Guy Carpenter Baden-Baden 2017 Reinsurance Symposium has placed disruption at the centre of the agenda and identified it as the theme for the annual industry meeting during the opening event, which featured Munich Re CEO Joachim Wenning as one of its speakers. 23 October 2017
Insurance
The bilateral “covered agreement” between the US and EU provides regulatory clarity and reduces the regulatory burden for US and EU reinsurers operating in each other’s markets, according to AM Best. 23 October 2017
Insurance
Cedants’ needs are unchanged in terms of requiring access to capital and more insightful data, but their expectation as to how this is being delivered is changing, Jonathan Howe, global insurtech leader at PwC, told Baden-Baden Today. 23 October 2017
Insurance
Blockchain—distributed ledger technology (DLT)—is the latest ‘next big thing’ across all industries, but as it infiltrates the insurance industry it faces an uphill battle, Marek Kaszczyc, vice president and head of Poland operation at Xceedance, told Baden-Baden Today. 23 October 2017
Insurance
Reinsurers are gradually changing their market strategy, which will support the sector’s long-term sustainability, Andrew Wu, board director at Dagong Europe Credit Rating, told Baden-Baden Today. 23 October 2017
Insurance
The US National Flood Insurance Program’s (NFIP’s) reinsurance purchase in 2017, in which many European reinsurers participated, represented a good deal for the US government and it should look to purchase more limit in 2018. 23 October 2017
Insurance
Patria Re expects more reinsurers to shift capacity into a ‘stable’ European market—a strategy the Mexican reinsurer has adopted as it targets the region to balance its own portfolio. 23 October 2017
Insurance
Negotiations at this year’s Baden-Baden reinsurance conference might be much more lively than in previous years as cedants, reinsurers and brokers attempt to make sense of the impact of hurricanes Harvey, Irma and Maria and how they should respond when it comes to rates. 23 October 2017
Insurance
Despite apparent trends towards bigger global reinsurers benefiting from economies of scale, specialist regional reinsurers with strong local knowledge and expertise remain important, as Fuad Kuliyev, CEO of Az Re explains to Baden-Baden Today. 23 October 2017
Insurance
Partnering with a strategic managed services provider at the cutting edge of change represents a sensible strategic decision that allows insurers to focus on their core strengths, Arun Balakrishnan, chief executive officer of Xceedance, tells Baden-Baden Today. 23 October 2017
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