Opportunity to find supply/demand equilibrium in reinsurance
Thursday, 06 25 2015, Category: Insurance and Reinsurance, Country: World
By utilising the abundance of reinsurance capital alongside advanced technological and analytic capabilities, the sector has an opportunity to create a supply/demand equilibrium, according to several industry experts.
Insurance, reinsurance and risk transfer leaders and executives met in New York recently for the 2015 Global Insurance Forum, which saw a panel during the second day discuss the potential for innovation in today’s market and how technology can help to increase the supply of re/insurance products globally.
There’s “an opportunity for us to achieve greater equilibrium in the supply/demand balance, I think the challenge we have right now is the lack of increased demand, clearly it’s not a dearth of capital supply,” said Kean Driscoll, Chief Executive Officer (CEO) of Validus Re.