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Insurance
Reinsurers and bigger insurers should invest in ensuring they have a better understanding of the inter-country correlation of flood events as some are unintuitive and have the potential to cause significant losses, Jane Toothill, director of JBA Risk Management, told Baden-Baden Today. 25 October 2016
Insurance
AM Best is about to change its methodology, yet most brokers and reinsurers seem to be ignoring what is either a potential opportunity or an impending crisis, as Peter Hughes, founding director at Litmus Analysis, explains. 25 October 2016
Insurance
Improvements in the availability of event loss data for Australia could encourage the use of alternative forms of risk transfer including insurance-linked securities (ILS) by insurers in the country Eduard Held, head of products at PERILS, told Baden-Baden Today. 25 October 2016
Insurance
Commercial lines insurers must embrace the same levels of automation prevalent in personal lines, particularly within the London Market if it is to compete with other platforms globally, Patrick Molineux, general manager of insurance at CSC, told Baden-Baden Today. 25 October 2016
Insurance
In association with Swiss Re, Baden-Baden Today conducted a survey of senior industry executives ahead of and during the conference. Here are some responses to various key questions. 25 October 2016
Insurance
A trend towards more tailor-made products in the manufacturing industry is changing the risk exposure, requiring re/insurers to adapt their risk assessment and their products, said Georgi Pachov, global practice group leader cyber at Allianz Global Corporate & Specialty. 25 October 2016
Insurance
The continued soft market with clients seeking further rates cuts is the biggest challenge and concern of attendees at the reinsurance conference in Baden-Baden this year—with many also baffled and worried by the changes cedants are implementing in their reinsurance programmes. 25 October 2016
Insurance
While the increasing deployment of technology and the availability of data are set to reduce the risks for primary insurers, new risks are likely to generate additional business for reinsurers. 25 October 2016
Insurance
SCOR is targeting becoming a top-end reinsurer in the US by size—an achievement that would see it match its position and market share globally—as it executes a long-term plan that will boost its presence in this market, Jean-Paul Conoscente, president and CEO of SCOR’s US P&C operations, told PCI Today. 25 October 2016
Insurance
E+S Rück, a German business subsidiary of Hannover Re Group, expects to see premium growth in the German market for the upcoming treaty renewals. 25 October 2016
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