Can Reinsurers Sustain Robust Performance into 2025 Renewals?

November 20, 2024

The 66th edition of the Reinsurance News Monte Carlo Executive Roundtable, held during RVS in September 2024, provided a comprehensive discussion on the reinsurance market conditions leading up to the January 2025 renewals. Sponsored by BMS Re and PwC, the event highlighted the impressive performance of reinsurers in 2023 and addressed how these gains could be maintained moving forward. Executives pointed out significant market dynamics, noting considerable rate increases and structural changes that contributed to solid results in 2024. This in-depth examination revealed how these factors are expected to shape the landscape as the industry moves into the new year.

Key discussions at the roundtable focused on critical areas such as attachment points, coverage needs across different layers, and necessary rate adjustments. While property reinsurance often dominates industry conversations, the deteriorating conditions in the casualty reinsurance space captured substantial attention. Experts stressed the urgent need for improvements in this sector to ensure overall market stability. The dialogue also extended to examining technological advancements and risk models, with a particular focus on how artificial intelligence could revolutionize the risk transfer value chain. The burgeoning field of cyber insurance and reinsurance emerged as a significant topic, with experts expressing cautious optimism about its potential growth.

Adapting to Change and Leveraging Technology

The 66th edition of the Reinsurance News Monte Carlo Executive Roundtable, conducted during RVS in September 2024, offered a thorough analysis of the reinsurance market leading up to the January 2025 renewals. Sponsored by BMS Re and PwC, the event showcased the impressive performance of reinsurers in 2023 and explored strategies to sustain these results. Executives highlighted key market dynamics, including significant rate increases and structural changes that led to strong outcomes in 2024. These insights are expected to influence the industry as it transitions into the new year.

The roundtable discussion covered critical areas such as attachment points, coverage requirements across various layers, and necessary rate adjustments. While the spotlight is often on property reinsurance, the deteriorating conditions in the casualty reinsurance sector drew considerable attention. Experts underlined the need for improvements in this area to maintain market stability. The conversation also delved into technological advancements and risk models, particularly how artificial intelligence might transform the risk transfer value chain. The emerging field of cyber insurance and reinsurance was another key topic, with experts cautiously optimistic about its growth potential.

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