Valerie Gilles-Coeur, Swiss Re, previews her presentation to the IFoA Asia Conference 2023, on how actuaries can assess reinsurance solutions and contribute to company capital strategy.
The 1/1 renewal cycle of 2023 was marked by a sharp hardening of the reinsurance prices on certain lines. This surprised many companies and their reinsurance budget was not sufficient to absorb the increase, leading some cedents to erode their protection without proper consideration for the risk involved for their company.
This year the industry is getting ready for another hard renewal and in this context actuaries can help their reinsurance colleagues get a better understanding of the implications of their choices.
This is already happening in several companies in the region, for example the actuary of a Malaysian company was sharing months ago that he was busy comparing the impact of different reinsurance structures for his company, at the request of his board.
Some other companies in Asia, though, have a reinsurance team very focused on the price, at times negotiating for some less favourable conditions for their company with the unique goal to go cheaper: these would benefit from actuarial insights.
Why is this technical support necessary?
My session at the IFoA Asia Conference 2023 will illustrate how actuaries can assess the impact of typical structural features proposed with proportional or non-proportional treaties.
It will:
Actuaries are well positioned to assess reinsurance solutions from a risk/reward perspective, understanding how these structures can impact the company business plans or contribute to their capital strategy.
In this context, the IFoA Asia Conference offers the perfect platform for this presentation, bringing together actuaries from around the region and offering them new ideas with which to support their colleagues in achieving a successful reinsurance renewal for their company.
Don’t miss Valerie at the IFoA Asia Conference 2023 on 25 September in Kuala Lumpur.
Book your place before 15 September
