Reinsurers Adapting to Increasing Natural Catastrophes
About this talk
The frequency and severity of natural catastrophe claims continues to rise, impacting every area of insurance: claims, underwriting, rates and exposures. Aon estimated insured losses for the first half of 2021 were $42 billion, 39% higher than the 21st century first half average.
How are insurers responding?
Join us for an in-depth discussion with Insider Engage and Liberty Mutual Re on how the insurance industry is responding to the increased frequency and severity of natural catastrophe claims.
Key Discussion Points
Natural Catastrophe Surprises
-European flooding in 2021: The unfolding of a 1,000-year event
-Drivers: population shifts to more cat-exposed areas
-Rates, terms and conditions
-the rise of uninsurable risks?
--Revamping cat models
--Parametric cover for commercial and retail risks
--Shift to quota-share reinsurance
--Public/private partnerships to cover otherwise “uninsurable” risks
Miguel Martinez-Alvarez, head of business development - Liberty Mutual Re
Cameron Roe, CEO - Guy Carpenter
Juan England, Partner - TigerRisk Partners (UK) Ltd