Published
5 September 2024
We are delighted to unveil our groundbreaking report on shifting risks and industry innovation – highlighting the need for collaboration and innovation to address the evolving risk landscape and drive the next phase of industry growth.
As the global (re)insurance sector faces unprecedented macro challenges, this report outlines strategic approaches that will be critical in navigating the next phase of the industry’s cycle.
The release of this report marks the beginning of Howden Re’s concerted effort to lead the industry through its most challenging period yet. Howden Re is committed to fostering innovation and collaboration, bringing together stakeholders from across the industry to develop the solutions necessary to meet today’s risks and prepare for those of tomorrow.
The report highlights three core areas that are reshaping the (re)insurance industry and require immediate attention:
The report also provides detailed proposals for new solutions tailored to specific risks, such as enhanced reinsurance structures for European flood and hail events, innovative parametric products for SRCC and PV exposures, and advanced liability management strategies in the casualty sector. These recommendations are designed to help the industry navigate the complexities of today’s risk environment while positioning it for future success.
“The landscape of risk is changing at an unprecedented pace, and so too must our industry evolve alongside it. At Howden Re, we are committed to championing the development of innovative solutions and believe that collaboration across the industry is essential. We are dedicated to bringing together the best minds from brokers, reinsurers, and capital providers to ensure that we are all prepared for the future.”
Massimo Reina, CEO – Howden Re, International
“The risks we are encountering today are more interconnected and severe than ever before, requiring a fundamental shift in how we approach risk management. We need bespoke solutions that are tailored to the unique challenges faced by different regions and lines of business.”
David Flandro, Head of Industry Analysis and Strategic Advisory – Howden Re
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