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The reinsurance market relies on the use of a plethora of splintered systems to operate. Can technology help address the cost and hassle associated with these practices? ....
With a higher frequency and severity of cat losses, and as clarity emerges around losses from COVID-19, there will be a realignment around pricing for certain lines of business, Monica Cramér Manhem, president, international reinsurance at SiriusPoint, told Baden-Baden Today. ....
The reinsurance sector has failed to meet its cost of capital for nearly five years, and the ratings agency remains unconvinced that it will be able to do so again this year, says S&P Global Ratings’ Ali Karakuyu. ....
There are widespread hopes that reinsurance markets will secure rate increases after a loss-impacted 18 months, but new investment continues to pour into the sector, says partner David Sowrey. ....
Flooding isn’t new in Europe, and even the losses in Germany weren’t unforeseeable, according to AIR Worldwide’s Yörn Tatge. As re/insurers discuss secondary perils and look forward to January renewals, it may be that the main lessons learned are for the longer term. ....