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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
Insurance
Alternative capital grew again last year but at a slower pace. Paul Schultz, chief executive of Aon Securities, suggests to Baden-Baden Today this growth will continue but innovation will also be needed in the long term. 24 October 2016
Insurance
A rating remains a critical component for any startup looking to write non-collateralised reinsurance business. While all the rating agencies will rate startups, their differing criteria can make a big difference to what rating can ultimately be secured, says Stuart Shipperlee, head of analytics at Litmus Analysis. 24 October 2016
Insurance
Reinsurers should do more to close a widening protection gap, but governments remain hesitant to transfer risk to the industry. 24 October 2016
Insurance
At such a challenging time for the market, buyers are increasingly seeking new and alternative solutions, meaning that smaller, innovative brokers can thrive, as Mark Waterkeyn and Mark Finch from Lockton Re tell Baden-Baden Today. 24 October 2016
Insurance
More of the stakeholders affected by weather risk—be they policyholders, municipalities, farmers or brokers—must be empowered with better information to respond to climate change which will, in turn, help to close the protection gap. 24 October 2016
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