#8 - Reinsurance Strategy in Hardening Markets
This week’s episode is more technical; the guys pull on their (re)insurance expertise and delve into reinsurance strategy, describe the differences of hard and soft markets, and the ways in which new reinsurance players can enter the industry. To balance out the technical nature of the episode, they introduce a new game, Risk of the Week! CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss OUTLINE & TIMESTAMPS: 00:00 Intro 03:41 An Overview of ‘Reinsurance Strategy’ 05:20 Where Do Reinsurers Come From? 06:28 Hard & Soft Market Cycles 09:40 Sustaining Soft Markets 13:29 Reducing Volatility Through Diversification 16:46 Risk of the Week 21:06 Opportunities to Enter New Classes 25:21 Distribution Strategies 32:00 Barriers to Entry for New Companies 34:13 VR to ER