As the reinsurance market transitions from a hard to a softer phase, David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re, discussed potential opportunities for value creation during an interview with The Reinsurance Podcast at the Baden-Baden Reinsurance Meeting.
Flandro referenced findings from recent Howden Re reports, "Who dares wins" and "Agents of change," to outline current industry conditions. He stated: “We think we’re in a phase of the cycle where rates are softening, but from a very high peak. There’s still plenty of opportunity for reinsurers to create economic value while finding business with their cedents that makes sense for both sides. This is a market in which everyone can win.”
He further stressed the importance of innovation in responding to market changes. “This is the time to be creative, to find ways to capture economic value for reinsurers and mitigate the difficulties cedents have faced in recent years,” he said. Flandro highlighted solutions such as aggregate and parametric covers mentioned in "Who dares wins" as examples of this approach.
The full interview with David Flandro is available online.