Workshop B4: Structured Reinsurance: Empowering Industry Growth and Strengthening Risk Management Strategies
The insurance industry is constantly evolving and with the increasing complexity of risks, there is a growing need for structured reinsurance solutions.
Traditionally, reinsurance acts as a catalyst for industry expansion by providing insurers with the necessary financial support and risk mitigation tools. Through structured reinsurance solutions, insurers can tailor their products more effectively and efficiently to ensure comprehensive protection while achieving the required financial KPIs.
There are a few solutions widely executed by insurers in Asia to enhance their new product launches and to manage their sizeable enforce portfolios efficiently. Three common structured reinsurance solutions are:
- upfront reinsurance commissions on investment linked products
- mass lapse reinsurance solution
- asset coinsurance reinsurance solution
In this session, Wilson Lai of Gallagher Re will share an overview of the solutions listed above, as well as client motivations, key considerations, and how these solutions are applicable to the L&H insurers in India, based on experience executing them.
Speaker: Wilson Lai, Gallagher Re
