
73 episodes

The Reinsurance Podcast The Reinsurance Podcast
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- Business
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5.0 • 3 Ratings
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Join co-hosts, ex-Aon broker Jerad Leigh & ex-Lloyd's syndicate underwriter Ben Rose (co-founders of Supercede and genuine reinsurance nerds), as they delve into the world of cedents, brokers & reinsurance underwriting. If you're looking for industry insights, help in understanding the landscape, or just want a little more industry knowledge to ensure glazing over of eyes at parties, this podcast is for you!
CONNECT & SUPPORT:
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Enquiries: producer@thereinsurancepodcast.com
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#58 - Natalia Dorfman & James Kench: The Carbon Insurance Market
This week we’re lucky to have carbon insurance market experts, Natalia Dorfman, CEO & Co-Founder of Kita, and James Kench, Head of Insurance at Kita. Our guests guide us through the fascinating world of the carbon market, including challenges of underwriting carbon risks, growth in the sector, and new insurance products to meet new needs.
EPISODE LINKS:
Natalia’s LinkedIn: https://www.linkedin.com/in/natalia-dorfman/
James’s LinkedIn: https://www.linkedin.com/in/jameskench/
Kita: https://www.kita.earth/
Company LinkedIn: https://www.linkedin.com/company/kitaearth/
OUTLINE & TIMESTAMPS:
(00:00) Intro
(01:01) Natalia’s Background
(02:18) James’s Background
(03:45) An Overview of the Carbon Market
(07:14) Compliance & Voluntary Markets
(09:58) Growth in the Carbon Markets
(12:33) Challenges in Scaling Carbon Solutions
(16:10) Main Hazards & Risk Categories
(20:18) Insurance Products Covering Carbon Risk
(22:52) Underwriting Carbon Risks
(27:36) Distribution of Carbon Insurance Products
(30:51) Attracting Capacity for Carbon Underwriting
(32:31) The Value of Lloyd’s in New Development
(33:44) Net Zero Investment & Underwriting Strategy
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
Say Hello: producer@thereinsurancepodcast.com -
Reinsurance News Roundup - May 2023
Ben & Jerad run through what’s happened within the world of reinsurance during the past month.
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
Say Hello: producer@thereinsurancepodcast.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(00:51) RenRe Acquisition of Validus Re
(02:57) Stagnation of London Re/insurance Market
(03:41) Aon Suing Alliant Over ‘Unlawful Raids’
(04:30) Major Reinsurers Withdrawing from Net-Zero Insurance Alliance (NZIA)
(06:32) Insurance Utilising ChatGPT & AI -
#57 - The Evolving Role of Reinsurance Brokers
This week the guys deep dive into the transformation of reinsurance broking due to the impact of technology, how modern reinsurance brokers have become more sophisticated, leveraging data and information to provide better solutions for clients, and the way in which technology will play a crucial role in removing low-value work and enhancing efficiency for brokers (for those savvy enough to take advantage of all the increasingly specialised tools).
EPISODE LINKS:
https://supercede.com/blog/reinsurance-broking-entering-the-third-wave
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
Say Hello: producer@thereinsurancepodcast.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(02:25) The Impact of Technology on Reinsurance Broking
(08:35) Brokers Lack Specific Digital Tools for Reinsurance
(15:30) Creating Positive Buying Experiences
(17:50) Current Challenges With Tailored Value-Add Services
(22:36) Unlocking the Third Wave of Reinsurance Broking
(24:18) The Big Barrier of Moving the Industry Forward
(26:41) Will There Be Increasing Specialisations? -
#56 - Alternative Risk Transfer: Why, When & How
The guys go deep into alternative risk transfer this week, discussing insurance-linked securities (ILS), cat bonds, and why re/insurers may choose different ways to mitigate risk other than traditional reinsurance deals. This episode is also packed with analogies, including one from ChatGPT!
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
Say Hello: producer@thereinsurancepodcast.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(02:57) Jerad’s Analogy for Alternative Risk Transfer
(06:18) ChatGPT’s Analogy for Alternative Risk Transfer
(08:31) Ben’s Analogy for Alternative Risk Transfer
(10:02) Insurance Linked Securities (ILS) Explained
(15:22) Concerns With ILS Compared to Traditional Reinsurance
(17:58) Drivers of ILS Purchasing, Cat Bonds, & Capacity Constraints
(19:48) Basis Risk: Indemnity Triggers & Parametric Coverage
(22:22) Traditional Reinsurance Vs. Alternative Risk Transfer
(26:15) Brokers Using Creativity to Solve Client Problems
(28:25) Insurance Add-Ons, Protections, & Exclusions -
#55 - Q&A: Ask Us Anything #4
In our fourth ask us anything episode, the guys answer questions put forth from listeners! We want to thank everyone that sent us their questions. All questions are in the timestamps below. If you'd like your question answered in the next Q&A, send us a message at producer@thereinsurancepodcast.com
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
Say Hello: producer@thereinsurancepodcast.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(01:55) How Will Automation for the Underwriting Workflow Impact the Industry?
(05:20) Why Are Ceded Re Teams So Busy in the Lead Up to 1/1 Renewals?
(10:45) What Should an Early Career Data Analyst Be Doing for Career Progression?
(13:49) What Does the Ideal Cedent Look Like?
(19:24) In Such a Relationship-Centric Industry, Why Does Good Data Matter?
(22:04) Have You Seen Creative Deal Structures That Tackle Unique Risks? -
#54 - Michael Cenzer: Actuarial Expertise, Drivers of Hardening Market Conditions, & Market Trends
We’re missing a co-host this week but that didn’t stop Jerad from having one of the most fascinating and insightful conversations we’ve ever had on the podcast. Our special guest, Michael Cenzer, Chief Pricing Actuary at Validus Re, went through the nuances of actuarial pricing, shifting market trends, and the increasing importance of high-quality data.
EPISODE LINKS:
Michael's LinkedIn: https://www.linkedin.com/in/michael-cenzer-7297693/
Validus Re: https://www.aig.com/home/risk-solutions/aig-re/validus-re
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
Say Hello: producer@thereinsurancepodcast.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(01:02) Mike’s Journey Into Reinsurance
(03:30) Analogy Battle: What Is a Pricing Actuary?
(05:47) Pricing in Practice: How it Works
(09:37) Examples of Factors Applied for Pricing in a Movie
(13:47) Importance of Data for the Reinsurer
(16:04) Drivers of Current Hardening Market Conditions
(19:19) Florida Legislation to Help Soften Markets
(24:01) Market Trends: An Actuarial Perspective
(26:45) What Will Soften the Market?
(29:40) Will Programs Become More Bundled or Fractured?
(31:51) Granular Data Transforming the Industry
(34:32) Biggest Challenges With Data
(37:20) Benefits of Data Consistency
(39:02) What Better Data Can Unlock for the Industry
(44:36) Data Importance for Cyber Risk
(45:20) Price It! - Reinsurance Pricing for an Autonomous Fleet
(49:45) Portfolio Strategy Risks
The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the official policy or position of Validus Re. or its subsidiaries or affiliates (“Validus”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. Validus makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.