The primary driver of rising catastrophe losses is asset accumulation in high-risk areas, a trend that is difficult to reverse.
The industry's understanding of systemic cyber risk is not mature enough to provide the high-limit coverage that large entities require.
An unexplained spike in mortality claims among middle-aged, insured Americans was observed in Q3 2023, representing a significant unknown.
Insurance affordability in high-risk regions like California is becoming a primary challenge, potentially leading to uninsurability if mitigation is not prioritized.
Opportunities Identified
Leveraging proprietary data and 200+ models to provide risk mitigation and resilience consulting services beyond traditional insurance.
Capitalizing on a concentrated market structure as one of the top three global reinsurers.
Developing and leading the market for Insurance-Linked Securities (ILS) and catastrophe bonds, which offer attractive returns to institutional investors.
Growing the world-leading Life & Health reinsurance business, which provides a key diversification benefit against property and casualty risks.