Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

18th of May 2012

News

Unstable markets may lead to reinsurance opportunities

Vicky Beckett 13/09/2011

An uncertain reinsurance market can work in the industry’s favour argue industry experts.
 
Alex Moczarski, president and CEO of Guy Carpenter & Company, led a briefing on the current unreliable reinsurance market in September.
 
Moczarski said: “As insurance professionals, we must remember that a market such as this can actually work to our advantage. Uncertainty equals risk, which, for us – unlike virtually any other industry – equals opportunity.
 
“The current climate is uncertain at best, but we believe that growth opportunities do exist – or can be created – by those cool minds with access to the right insight, right tools and right transactional capabilities.
 
“New and old risks can be securitised. Non-traditional approaches can be used to counter the squeeze on reserves.
 
“New and emerging markets can be developed and capitalised, while changing demographics in mature markets offer new opportunities.
 
“New tools and strategies, such as predictive modelling based on real data rather than fixed assumptions, can be employed to more effectively manage and monetise old – or evolving – risks.”
 
Moczarski spoke at Reinsurance Rendezvous 2011 with his colleague Nick Frankland, CEO of EMEA operations, Guy Carpenter & Company, who spoke on renewal pricing.
 
Frankland said: “Despite all the challenges and variables that have set the current market adrift, we believe that there is adequate capacity if it is approached sensibly and carefully. 
 
“We believe that, barring late-year catastrophes or sustained upward revisions of early-2011 loss estimates, these factors will keep aggregate risk-adjusted rates in Europe flat to slightly down at the 2012 renewal.”
An uncertain reinsurance market can work in the industry’s favour argue industry experts.
 
Alex Moczarski, president and CEO of Guy Carpenter & Company, led a briefing on the current unreliable reinsurance market in September.
 
Moczarski said: “As insurance professionals, we must remember that a market such as this can actually work to our advantage. Uncertainty equals risk, which, for us – unlike virtually any other industry – equals opportunity.
 
“The current climate is uncertain at best, but we believe that growth opportunities do exist – or can be created – by those cool minds with access to the right insight, right tools and right transactional capabilities.
 
“New and old risks can be securitised. Non-traditional approaches can be used to counter the squeeze on reserves.
 
“New and emerging markets can be developed and capitalised, while changing demographics in mature markets offer new opportunities.
 
“New tools and strategies, such as predictive modelling based on real data rather than fixed assumptions, can be employed to more effectively manage and monetise old – or evolving – risks.”
 
Moczarski spoke at Reinsurance Rendezvous 2011 with his colleague Nick Frankland, CEO of EMEA operations, Guy Carpenter & Company, who spoke on renewal pricing.
 
Frankland said: “Despite all the challenges and variables that have set the current market adrift, we believe that there is adequate capacity if it is approached sensibly and carefully. 
 
“We believe that, barring late-year catastrophes or sustained upward revisions of early-2011 loss estimates, these factors will keep aggregate risk-adjusted rates in Europe flat to slightly down at the 2012 renewal.”

Tags:

Post a comment

Post a comment

Hannah 28/10/2011 10:35am

Could you write about Phscyis so I can pass Science class?

» Report this comment

Data Centre

Captive Insurance Database (CID)is the world's most comprehensive online source of captive market intelligence.

CID gives users instant access to the names of parent companies who currently own a captive. It also provides the names and contact details of captives’ risk managers, as well as the parent or ultimate parent companies’ address, country, CFO, CEO, and exchange.

CID also gives you the captive name, manager, licence and incorporation date and the type of captive the parent company is running.

CID will help you to:

•    Win more business proactively – Search from 5,700 captives and over 3,700 captive owners who you can offer your services to.


•    Increase profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.


•    Build relationships – Access detailed contact information for each decision-maker. 

An annual CID licence costs just £1,195 + VAT.

Already a CID user?Login here.

Order a 2 year subscription and SAVE 25%
The licence includes full online access to CID and a free annual hardcopy of CID (worth £610).To find out more contact Nick Byrne on +44 (0) 20 7029 4027 or cid@captivereview.com.

more//

Company and Ratings Search

Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.

more//

Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.

more//

Pellentesque feugiat arcu vitae lacus elementum in ullamcorper diam pulvinar. In odio massa, facilisis sed dignissim vel, vehicula ac diam. Curabitur tempor, quam nec aliquam tempus, dui lorem venenatis arcu

Mauris accumsan orci ut turpis placerat condimentum. Ut sit amet lobortis purus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.

CID

Essential Reading for risk managers

Subscribe today

Request a free issue

Subscribe now and save £500

  • 5% off all event bookings
  • 5% off CID data access
CID