Category Archives: Reinsurance

ERM in Practice: Risk Identification

police lineup

Insurers recognize the importance of identifying and classifying their important risks as a major organizing idea for their ERM processes. For our ERM in practice series, we’ve looked to the 2013 annual reports of a dozen global insurance and reinsurance … Continue reading →

ERM in Practice: Risk Measurement

ruler

In our second installment of the ‘ERM in Practice’ series, we look specifically into the 2013 Annual Reports of eight global insurance companies (five European and three Non-European) and four international reinsurance groups with the purpose of identifying commonalities in … Continue reading →

ERM in Practice: Risk Organization

chess defense

Discussions of enterprise risk management (ERM) practices often seem almost totally theoretical. But in fact, those practices are very real for many companies. One of the most important aspects of an ERM program is the “who” of ERM. We call … Continue reading →

Gap Covers – Gone Forever?

the gap

Ideas and concepts rarely ever die, but get reinvented and reused from time to time. But I think I may have found a candidate for the graveyard. Surely gap covers could never return, could they? I doubt that anybody has … Continue reading →

The Difference Between Risk and Loss

risk vs loss

Risk management has caused many people to substitute one four-letter word for another. They will use the word RISK when they should be saying LOSS. And there is a world of difference between the two. It is the difference between … Continue reading →

Excess Reinsurance Capacity Chases Muted Demand

Willis Re: Property Catastrophe Pricing Trends

Competition in the global reinsurance industry at the 1st July renewals remains fierce with both traditional reinsurers and capital market players fighting to deploy their capital and protect/build their market shares. In the face of this, buyers have been able … Continue reading →

What the Influx of Capital is Doing to Reinsurance Today

Capital Inflow: Who is Buying

Last week I presented the keynote address of the International Cooperative and Mutual Insurance Federation (ICMIF), Meeting of Reinsurance Officials (MORO), in Miami. The theme of the presentation, “The Current State of the Reinsurance Market”, focused on the impact of the … Continue reading →

Video: Spotlight on UK Reinsurance

Spotlight: Roy Rogers

In this interview Roy Rogers, head of UK reinsurance at Willis Re, tells me that the dynamics of the UK reinsurance market differ depending on whether you’re looking at it from the perspective of the client or the market. Continue reading →

Video: Reinsurance Trends in Asia Pacific, Middle East, Turkey, and Africa

Spotlight: Maurice Williams

In this interview Maurice Williams, who is Managing Director of Willis Re for Asia Pacific, Middle East, Turkey and Africa (APMETA), outlines the dynamics driving the reinsurance markets in those regions. Continue reading →

Asia Pacific: Why Not Have a Little Variety in Life (Reinsurance)?

flower variety

While some western economies continue to languish in the doldrums with little or no growth in the insurance sector, many economies in the Asia Pacific region continue to offer far more promise for insurers, particularly in the life market. Continue reading →