Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.
While presenting a sharp drop in profit for 2017 due to heavy natural catastrophe losses, Swiss Re CEO Christian Mumenthaler and chief financial officer David Cole praised the reinsurer’s diversification strategy away from P&C reinsurance which Swiss Re wants to further develop.
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer.
Despite disappointing rate increases in the January renewals, Munich Re chief financial officer Jörg Schneider showed optimism when discussing his expectations for 2018.
Record losses from the 2017 hurricane season have failed to trigger the rate increases the industry had hoped, with many experts and reports based on analysis of the recent renewals now suggesting that low rates may be here to stay.
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth.
Andy Wallin, group commercial director, Ed, has ambitious plans for a year that he admits will be defined to an extent by the heavy cat losses of 2017 and the market’s reaction to them.
It’s time for insurers to wake up to the reality of their role in protecting companies from the fallout from cyber attacks, says Dan Trueman, the global head of cyber at AXIS Insurance.
More quality staff, harder rates and better flood models are all high up the wishlist of Dominic Kirby, managing director, ArgoGlobal, who explains his plans and ambitions for 2018 to Intelligent Insurer.
After an eventful 2017, Intelligent Insurer questioned 16 senior executives representing all corners of the re/insurance industry about their highs and lows of 2017 and their wishes for 2018. Here, we reveal their responses to the question: what will be the biggest developments or topics you expect to be prominent in the industry in 2018, and why?