Against all odds, global dealmakers are looking ahead despite significant geographic changes, a Re/insurance Lounge discussion with Clyde & Co agreed.
Hong Kong-based reinsurer Peak Re goes from strength to strength, following the successful renewal of its Lion Rock Re reinsurance sidecar in February 2021. But, as chief Franz Josef Hahn explains, it wasn’t all plain sailing.
The issue of who pays for COVID-related claims will come down to a negotiation as opposed to a legal battle—but the outcome will still be important for reinsurers, according to Carlos Wong-Fupuy, senior director, AM Best.
RMS is one of a number of companies which have launched models or frameworks to help re/insurers better understand and manage the impact of climate change. Joss Matthewman, senior director, product management, RMS, explains what is unique about the models his firm has developed.
Once the COVID-19 crisis has passed, the insurers that adapt and evolve will be the ones who flourish. Sameer Dewan of Genpact gives his view of the future to Intelligent Insurer.
As the cyber insurance market matures, it will need both standardisation and innovation to sustain its growth. But even those things won’t necessarily protect the market from some difficult times as the market develops.
As the world marches towards an increasingly interconnected future, cyber will become one of the biggest risks that companies will need to manage—and insurers will need to qualify, price and underwrite. This will mean a fundamental shifting of the portfolio mix for most insurers.
Claims departments are now key to re/insurers’ offerings, and technology is a big part of that. Liberty Specialty Markets’ Irene Stavrou discusses the company’s investments and why claims are about much more than simply paying out.
While admitting to not knowing all the answers, Hiscox Re & ILS believes that cooperation and partnerships will be vital in future to meet the challenges of climate change and to identify the opportunities for new covers and capacity.
COVID-19 has exposed the harsh realities of the protection gap in Latin America and the need for ongoing support from re/insurers. With its own commitment to long-term relationships, Deutsche Rück believes it has a part to play, as Florian Kummer reveals.