Need to connect capital to risk
Wednesday, 06 08 2016, Category: Insurance and Reinsurance, Country: World
Despite the insurance, reinsurance and ILS landscape being awash with “smart capital,” the majority of the world remains either underinsured or uninsured, highlighting the challenge for the risk transfer industry to develop the right mechanisms to enable capital deployment where it’s needed most.
Rowan Douglas, Chief Executive Officer (CEO) of the Capital, Science and Policy Practice at Willis Towers Watson, addressing an audience at the Start Talks 2016 regarding insurance as humanitarian action, underlined challenges facing the global risk transfer landscape.
One of the drivers of the current softening reinsurance landscape has been the abundance of capital from both traditional, and increasingly alternative reinsurance providers via a range of insurance-linked securities (ILS) instruments.