
In this IIL reinsurance webinar, David Flandro discusses the current state of risk transfer markets, including the 1 January reinsurance renewals.
This time two years ago, a total shock was inflicted on the sector driven by a global pandemic, including geopolitical tensions, uncertain equity and bond markets, more frequent natural catastrophes and growing concerns about climate change. Some elements of the shock have now dissipated, but many of its effects still linger. Throw into the mix rising inflation, supply chain disruptions, a dislocated cyber market, higher reinsurance costs, yet more extreme (and unusual) weather events, less confidence in catastrophe models, and the operating environment is just as challenged at the start of 2022.