As the Singapore International Reinsurance Conference takes place, executives from Howden Re discussed the findings of their latest report, "Who Dares Wins," with Intelligent Insurer. The discussion focused on the implications for the Asia-Pacific (APAC) reinsurance market.
Sebastian Cook, Deputy CEO of Howden Re International, commented on current market conditions: “we are in a phase of hard market softening. Rates have moderated from the 2023 peak but remain well above the 2010s. Investors have been rewarded with excellent near-term results, enabling reinsurers to pursue growth strategies in the coming renewals.”
David Flandro, Head of Industry Analysis & Strategic Advisory at Howden Re, addressed broader industry challenges: “geo-political risk is elevating global risk premia and increasing complexity and capital constraints. The global protection gap remains stubbornly high. The industry’s priority is to strike the right balance between maintaining underwriting discipline while ensuring long-term partnership with clients."
Andy Souter, Head of Asia Pacific at Howden Re, pointed to regional trends: “Parts of APAC are using this transition to accelerate product development — from parametric solutions to tech-enabled distribution,” he said. “Transparency and trust will define success.”
The "Who Dares Wins" report emphasizes that future growth in APAC’s reinsurance sector will rely on insight, collaboration and disciplined opportunity as reinsurers adjust to new market dynamics.
The full interview can be found in Intelligent Insurer.