Monte Carlo: Keep Calm And Carry On
As the “new normal” soft market conditions persist, insurers and reinsurers are going to have to look at new ways of making their businesses more efficient in order to maintain profitability. When industry leaders sat down at the Monte Carlo Rendez-vous roundtable to discuss the state of the market, Hurricane Florence was brewing and Michael was mere weeks away.
The panel debated the market’s coping mechanisms to navigate the stormy waters and covered:
- Technology’s ability to predict and prevent risk
- Underwriting discipline
- The changing nature of distribution
- The privatisation of risk, cyber and other emerging classes
Are market leaders absolute masters of their own destinies? Mark Geoghegan Managing Director, The Insurance Insider, succinctly puts it, “you won’t read a truer reflection of the state of the market anywhere else.”