Baden Baden Highlights

As another edition of Baden Baden Reinsurance Meeting closes its gates, the re/insurance world had its eyes on the German town, where the current trends and future expectations of the industry are being the focal points of the discussions.
  • Sava Re, located in Slovenia, plans to acquire primary insurers from the region, in order to diversify its business, as the reinsurance industry remains challenging, according to Intelligent Insurer. Sava Re already owns 10 insurance companies - two in Slovenia, two in Serbia, two in Kosovo, two in Croatia and one in Montenegro and Macedonia
  • Hannover Re is focusing on existing clients rather than developing new relationships in the current market solutions. In this respect, Michael Pickel, Member of the Executive Board, underlined for Insurance Day, the importance of expanding the footprint with existing clients rather than enter new relations.
  • The efforts to diminish the protection gap are hold back by the lack of confidence of the public sector in the reinsurance industry. The reinsurance industry must amplify the efforts to help the public sector better understand the protection gap and to think differently about financing catastrophe risks", Martyn Parker, chairman of global partnerships at Swiss Re, stated to Insurance Day.
  • Protectionist re/insurance restrictions are creating barriers to economic growth and are increasing the concentration of risks, warned Insurance Europe at the Baden-Baden Meeting 2016, quoted by Insurance Day.
  • The growing use of technology to collect data and improve risk assessment will transfer business from retail insurers to commercial insurance providers. This will be a process that will bring benefits reinsurers, according to MAPFRE.
    "The trend towards driving assistance and autonomous driving is shifting the liability from the individual driver or owner of the car towards vehicle and technology manufacturers or fleet managers such as Uber, benefiting commercial insurers", Josep Celaya, Chief Innovation Officer of MAPFRE, said during the Baden-Baden Meeting 2016.
  • ZURICH Insurance will continue to push for eficiency in its reinsurance programme by combining parts of its two major placements globally, in a move that will be in the benefit of its core reinsurance partners at the cost of some smaller players, Markus MEIER, Head of Reinsurance Management at ZURICH Insurance Company, according to Intelligent Insurer.
  • Digitalisation and new technologies mean that far greater volumes of data are becoming available for evaluation within a much shorter time frame. Data analysis can be used to examine client portfolios to reveal trends, improve processes, optimise holdings, and provide targeted support to sales. The more global and comprehensive the data basis, the more valuable the data will be. The new dimensions of data and their analysis require some competences that not all insurance companies have. New competitors may be able to analyse data sets more quickly and apply the results in new applications - thus placing traditional insurers under pressure. 
    So there is also a strategic dimension to big data. "The most important aspects are the will and ability to invest in sufficient resources and work together with the right partners", explained Ludger ARNOLDUSSEN, member of the Board of Management of Munich Re, at the Baden-Baden Meeting 2016.

Related articles

photodune-3834701-laughing-girl-xs

Seven new XPRIMM titles, launched at the Baden-Baden Meeting 2016

Seven new titles of the well-known XPRIMM Publications are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in the main business meeting points. The specialized magazines present the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

2016-10-21

Big data, key part of innovation processes at Munich Re

Digitalisation and new technologies mean that far greater volumes of data are becoming available for evaluation within a much shorter time frame. Data analysis can be used to examine client portfolios to reveal trends, improve processes, optimise holdings, and provide targeted support to sales. The more global and comprehensive the data basis, the more valuable the data will be. The new dimensions of data and their analysis require some competences that not all insurance companies have. New competitors may be able to analyse data sets more quickly and apply the results in new applications - thus placing traditional insurers under pressure.

2016-10-25
photodune-3834701-laughing-girl-xs

Baden-Baden meetings to focus on the protection gap

It was a year of turbulences, including "Le Brexit", Nick FRANKLAND, CEO for EMEA of GUY Carpenter stated in the opening remarks of his speech at the Baden-Baden Reinsurance Symposium on Sunday 23 October 2016. The company organized the event for the 8th year in a row and focused this time around on the topics of Bridging the gap and underinsurance.

2016-10-24

ON THE MOVE

TOP EVENT

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

photodune-3834701-laughing-girl-xs

MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

10.09.2017

See all