Jean-Jacques Henchoz on hardening rates, European renewal trends and the future of pandemic coverage
In today’s edition of The Best Policy as part of #REinsuranceMonth, we are joined by Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re.
Throughout today’s episode, we discuss key industry trends which will help shape the next few months and the important 1.1 renewal.
Our guest shares his view on the true impact of Covid-19 on demand for reinsurance and the consequences of industry underwriting loss for capacity, appetite and pricing.
We explore attractive opportunities to grow as a reinsurer considering hard market conditions and the long term implications of the growing divergence between jurisdictions, as pandemic-related BI claims continue to be examined by courts globally.
Jean-Jacques talks about the major shift in market dynamics and the balance between intermediaries and insurers, his key priorities in managing pandemic risk from a company, shareholder and customer point of view, as well as recovery management.
Finally, we ask our guest what the answer to pandemic cover is and whether the (re)insurance industry will change from an operational perspective, how the market can ensure that clients have access to long term risk transfer solutions, as well as the impact of investor appetite in the ILS market on the capital retro strategy.
Don’t miss our exclusive podcast episode, as the chief executive shares his expectations for the market and Hannover Re for the rest of 2020 and 2021.
Also available via Spotify and Apple Podcasts!