The 2017 Baden Baden Meeting: Short recap
The extraordinary nat cat events in the third quarter of this year - hurricanes Harvey, Irma and Maria, as well as the two earthquakes which hit Mexico, were in the limelight, as they had a strong contribution in making 2017 the one of years with highest loss experience in history so far. Participants at the several events organized within the BB Meeting have discussed about how much the reinsurers' financial results were impacted by the series of losses and what are the lessons to learn from this unusual accumulation of losses in a relatively short period, as well as what may the expectations for the forthcoming renewals, in light of the recent nat cat experiences.
Besides the nat cat topics, new evolving risks were also a subject which got a lot of attention. Among them, cyber risks got most of the attention, being considered both a huge opportunity and a not to be ignored threat. The fast evolving digital technology, with all its ramifications touching every segment of the re/insurance business has also got a place among the most discussed issues.
Emerging markets and solutions to better capitalize on their growth potential, the regulatory challenges, lots of moves in the top managerial positions of the companies, as well as a still very active M&A activity were among the subject that also made the event's headlines.
To get a flavour of the Baden Baden Meeting's richness of topics this year, here is the recap of our titles:
- Baden-Baden XPRIMM Reception: Who were the winners of the XPRIMM Insurance Awards?
- Re/insurance specialists gathered this Sunday in Germany at the Baden-Baden XPRIMM Reception
- AzRe celebrated its 10th Anniversary in Baden-Baden
- Baden-Baden Reinsurance Symposium: the industry-wide impact of disruption
- BB Headlines: Rates are settled to increase following Q3 events
- Baden Baden Headlines 2: cyber insurance market set to grow under regulatory pressure; nat cat events more frequent, but losses per event are decreasing
- Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers
- JLT Re: Harvey, Irma and Maria brought a decisive end to a five-year period of below-average global catastrophe losses
- HANNOVER Re subsidiary expects modest premium growth in the German market
- MUNICH Re: 2017 might see one of highest loss experience in history so far