Survey: the war for tech and talent
It has been hard this week to get delegates to Baden-Baden’s annual reinsurance meeting to talk about long-term challenges. The challenges around capacity, structure and price are dominating proceedings as cedants worry about getting the coverages they need and reinsurers seek to hold the line on resetting pricing and structures.
This is in stark contrast to these meetings in softer markets. Then, long-term issues could be discussed. ESG was gaining traction as a concern for the industry, as was how the industry makes sense of and leverages the plethora of advances in technology in recent years, all tipped to transform various parts of the industry.
Although it might be difficult to discuss such issues in the increasingly frenetic meetings in Baden-Baden this week, it was possible to ask executives in advance, which we did in our pre-Baden-Baden survey, designed to outline the concerns of the market and potential talking points at this event.
In the last instalment of those results (see Baden-Baden Today days 1 and 2 for the others), we did manage to solicit responses around how the industry is grappling with new technologies—and what they see as some of the softer pertinent issues.
