At this year’s ANZIIF Reinsurance Rendezvous Conference, reinsurance affordability will be on top of the agenda following five years of severe natural catastrophes.

According to Paul Lacey, Senior Underwriter, Hannover Re, and Chair of the Organising Committee for the upcoming conference, reinsurers and clients are sharing more risk than five years ago.

“This has pushed affordability and the search for highly rated reinsurance capacity to its limits,” he says.

As the industry would be aware, the key issue it is facing is the increased frequency and severity trends in natural hazards. The catastrophe events from bushfires, floods and hail in the last five years has resulted in high demand for the use of all traditional and non-traditional (investor funded) capital.

“As clients grow, they seek to manage volatility protection from these events with non-proportional covers. They also seek efficient and flexible capital management in the form of proportional quota share solutions,” says Lacey.

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