The peak of the hard market has passed: Tokio Marine Kiln

“We are past the peak of the hard market. Over the coming quarters it will be important for the industry to maintain discipline and avoid the pitfalls it experienced last decade.” That is according to Pavlos Spyropoulos (pictured),  Tokio Marine Kiln’s Asia-Pacific regional managing director.

In a world where the landscape of risks is constantly evolving, the importance of setting the right price remains high on the agenda.

“Price adequacy should remain a necessity for reinsurers,” Spyropoulos said, especially as the industry walks a tightrope with the challenges of inflation, geopolitical upheavals, capital constraints, and the looming shadow of climate change.