Reinsurance and insurance markets are changing rapidly. Insurers around the world have become increasingly sophisticated in managing their capital and risks. Consolidation, evolving solvency regulation and the spread of enterprise risk management are driving a trend of centralized re/insurance buying by insurance companies and large corporations, tailored to enable growth and steer group-wide risk appetite across all types of risks.
Strategic reinsurance programs are customised to provide more efficient risk protection, and to help insurers optimise their capital structures in order to improve capital returns and minimise capital costs. Increasingly, reinsurance is integrated into insurers’ long-term strategy and growth plans. Challenging circumstances, such as a mergers and acquisitions, changes in regulatory regimes, or market dislocations, require event-specific solutions.