ALLIANZ Re: The trend is to manage the reinsurance at Group level

21 October 2014 — Vlad BOLDIJAR, Mihai CRACEA
In the past 20 years the reinsurance industry has changed a lot, especially as a result of the new different internal and external pressures on reinsurers that appeared in this period of time, according to Amer AHMED, CEO, ALLIANZ Re.

Regarding the new internal pressures, ALLIANZ Re's representative pointed out that the reinsurance groups are more focused on the gross underwriting results, while as far as external pressures are concerned, he mentioned that reinsurers are focusing more on environmental risks across the world. "What does it mean? We are becoming more interested in transparency in the ceded reinsurance".

At the same time Amer AHMED described how the reinsurance purchasing changed in the German Re/Insurance Group. He said that in the recent years, ALLIANZ has reduced its reinsurance spend by EUR 1.5 billion, and underlined that the current trend is to use reinsurance as a globally coordinated strategic tool to manage volatility at Group level.

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