Clear risk strategies more vital for (re)insurers
Saturday, 07 14 2018, Category: Insurance and Reinsurance, Country: World
Underwhelming market corrections following the record-breaking 2017 losses is proof that insurers and reinsurers must have a clearly defined strategy when undertaking risks, according to Canopius’ Global Head of Marine Treaty, Andy Gladwin.
In the event of a U.S. catastrophe, Gladwin said there can be an accumulation with property risks both in earthquake and hurricane-exposed zones. Adding that it is vital for insurers to charge more on the original business and make informed decisions in such areas.