Reinsurance News
Reinsurance interviews
A series of interviews with prominent reinsurance industry executives, discussing the state of the global reinsurance market, opportunities for growth in reinsurance, disruptive factors and the influence of technology on risk transfer and reinsurance.
Swiss Re’s John Zhu highlights divergent interest rates for 2024
21st December 2023
Economies around the world and inflation are predicted to improve next year, which will lead central banks like the US Federal Reserve (Fed Reserve) to cut interest rates in 2024, although countries like China might do it sooner, while Japan could increase rates, Swiss Re’s John Zhu explained in a ... Read the full article
Underwriting discipline to remain in threshold driven market: Rajeh, Arch Worldwide Re
19th December 2023
After a broad reassessment of the cost of risk, a focus on underwriting discipline is expected to persist at the upcoming renewals and beyond, in what’s expected to be a good market for both primary insurers and reinsurers, according to Maamoun Rajeh, Chairman and Chief Executive Officer (CEO), Arch Worldwide ... Read the full article
Applying GenAI can improve loss ratios and interaction across the market: Planck’s Tsur
8th December 2023
As GenerativeAI (GenAI) continues to expand across the insurance and reinsurance sector, Elad Tsur, Co-Founder and CEO of Planck, explained during a recent interview with Reinsurance News how the technology can play a key advantage in helping to reduce loss ratios and bring more competitive rates to end customers. In terms ... Read the full article
Role for insurance in Loss and Damage fund, but caution needed: Young, WTW
8th December 2023
The insurance industry needs to be cautious about how it positions itself to support the now operational Loss and Damage fund and not over promise on what it can deliver, Dr. Simon Young, Senior Director, Disaster Risk Finance & Parametrics at WTW, told Reinsurance News around the COP28 summit. On the ... Read the full article
There are ways of reducing part of the protection gap, but at a better price: EY
6th December 2023
With the protection gap affecting the industry at an accelerated rate, organisations are seeing increased risk exposure, an impact on pricing and reinsurance, as well as challenges to the industry's long-term sustainability. Reinsurance News recently spoke to EY’s Global Insurance Leader, Isabelle Santenac, about what actions both insurers and reinsurers need ... Read the full article
Insurance industry needs to think more broadly about risk: Risk Strategies’ Mina
5th December 2023
With the insurance market constantly changing and growing concerns around climate change, geopolitical issues and new technologies, the industry needs to think more about what could happen if there was no access to insurance, Risk Strategies’ John Mina highlighted in a recent interview with Reinsurance News. “It is important to think ... Read the full article
It’s time for the re/insurance industry to show its value in climate fight: IDF
30th November 2023
There’s an urgent need to bring the voice of insurance to the fore of the climate debate and the industry must work to show its value and find sustainable ways of building resilience against adverse weather and climate events, according to the Insurance Development Forum (IDF). As the world meets in ... Read the full article
APAC insurance market insights from Swiss Re’s Daisy Ning
23rd November 2023
In a recent interview with Reinsurance News, Daisy Ning, Head of Life & Health Re APAC excluding China at Swiss Re, provided valuable insights into the insurance landscapes of various Asia-Pacific (APAC) markets. Singapore: Steady Growth and Changing Consumer Awareness "Singapore is an interesting market. So, it's been on this steady growth, ... Read the full article
Cedents & reinsurers better prepared for Jan 2024 renewals: Aspen’s Hough
21st November 2023
According to Philip Hough, Global Head of Property Reinsurance and Head of EMEA & LATAM, Aspen, there was a calmness to the meetings at Baden-Baden this year ahead of 1:1, after "the chaos and uncertainty around capacity last year." "Capacity is available across all lines of business and both cedents and ... Read the full article
Trust in digitalisation key for re/insurers to make the most of latest tech: Swiss Re
20th November 2023
During a recent interview with Reinsurance News, Moses Ojeisekhoba, CEO, Global Clients & Solutions, Swiss Re, suggested that building trust in digitalisation is key for re/insurers to make the most of the latest technology, which will in turn assist in closing the protection gap. “Even the most promising technologies need the ... Read the full article
Climate risk prompts Beazley’s proactive approach in property market: Matt Westhoff
15th November 2023
In an interview with Reinsurance News, Matt Westhoff, Head of North American Commercial Property at Beazley, outlined the company's robust strategy to navigate the complex landscape of climate change and its implications on the re/insurance market. Addressing the uncertainties of climate change, Westhoff underscored Beazley's commitment to a forward-looking model, emphasising ... Read the full article
Swiss Re’s Daisy Ning addresses widening health insurance protection gap in APAC
10th November 2023
In a recent interview with Reinsurance News, Daisy Ning, Head of Life and Health, APAC (excluding China) at Swiss Re, shared her insights on the growing health insurance protection gap in the region. Ning began by emphasising Swiss Re's pioneering role in addressing the protection gap, stating, "Actually, we are the ... Read the full article
Continued momentum in property, but casualty a cloud of uncertainty: Swiss Re’s Ningen
6th November 2023
As the property and casualty (P&C) insurance industry meets at the 2023 annual APCIA conference, we spoke with Monica Ningen, CEO of P&C Reinsurance US at Swiss Re, about the state of the market and what to expect heading into 2024. “From a property standpoint, we have a pretty orderly market,” ... Read the full article
Many SMEs are being left with a gap in coverage for cyber insurance: Cowbell’s Cooksley
3rd November 2023
With the insurability gap within the small and medium-sized enterprise (SME) market continuing to grow as cyber attacks and the digitisation of work processes increase, one key issue that surrounds this, is that the cyber insurance products offered do not always match up with the financial losses that businesses may ... Read the full article
AI presents opportunities and challenges to the cyber insurance space: Cowbell’s Cooksley
31st October 2023
As AI technology continues to make headwinds across the re/insurance sector, Trent Cooksley, co-founder and Chief Operating Officer of Cowbell Cyber, explains that the technology brings both opportunities and challenges to the cyber insurance space. During a recent interview with Reinsurance News, Cooksley stated that challenge-wise, threat actors are increasingly using ... Read the full article
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