The insurance and reinsurance industry must push the boundaries of risk taking, an audience heard in Baden-Baden yesterday, as broker Guy Carpenter’s annual Reinsurance Symposium highlighted the stabilising force that risk transfer capital and capacity exerts on the world.This year’s theme of Guy Carpenter’s symposium at the annual Baden-Baden event in Germany was, “(Re)insurance Strategies and Opportunities in a Fragmenting World,” and speakers provided their thoughts on the broad topic.Laurent Rousseau, CEO, EMEA and Global Capital Solutions, Guy Carpenter, said, “While the universe of risks is expanding, the world is fragmenting.Organizations are seeking new opportunities while having to navigate the most complex set of risk challenges in a generation.

“For the (re)insurance industry, this is a moment to step up, to create more risk transfer capacity, bring better solutions, and push the traditional boundaries of risk taking.Creating innovative capital solutions goes to the heart of Guy Carpenter’s ambition for its clients, and the broader reinsurance industry.” Hannover Re CEO Clemens Jungsthöfel added, “In an increasingly changing world, reinsurance remains a stabilising factor that transforms challenges into opportunities.At Hannover Re, we believe that reinsurance means more than financial security.

It creates space for innovation, spreads risk, and provides stability.Our strengths lie in global diversification, a solid capital base, in-depth expertise, and long-term partnerships.” While it’s clear that capital and capacity are needed to address accelerating uncertainty and risks in the world, it is also clear that the industry must consistently originate new opportunities to deploy capital at the same time.Amy Barnes, Global Head of Energy & Power, Marsh, also said, “In today’s complex world – from supply chain rewiring and geopolitical tensions to climate change and energy transition – the insurance industry is a vital partner.

By providing tailored risk solutions and strategic guidance, insurance empowers clients to navigate uncertainty with confidence.More than ever, the industry proves its value by enabling resilience, fostering innovation, and supporting sustainable growth in a complex global landscape.” Penny Seach, Group Chief Underwriting Officer, Zurich Insurance, highlighted the role of reinsurers, “Rising geoeconomic fracturing creates a backdrop of more serious and less predictable global risks, and as insurers, we have front row seats to this.But we can’t shy away from risk; it is at the very heart of what we do.

Our business is not about avoiding uncertainty, but about understanding, quantifying and helping our customers navigate with confidence.But the structural nature within this new era of risk requires a different approach, making engagement and dialogue more important than ever.” Tanguy Touffut, Co-founder & CEO of parametric specialist Descartes Underwriting, also commented, “It is in times of crisis and instability that the relevance of the reinsurance industry becomes more evident.At the same time, the global ‘polycrisis’ we are experiencing represents a particularly favourable period for companies looking to innovate.

The growth of data sources and AI will enable the development of new products for ceding companies.For instance, parametric reinsurance solutions will help reduce protection gaps – due to high retentions or a lack of aggregates – while lowering costs, further solidifying the foundations of our industry.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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