Reinsurance

The scheme will not be in place for 2025 as government discussions grind to a halt.

Overall, insurance rates fell by 1%, led by competition in property.

Some reinsurers are considering frequency protection products.

Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.

The broker is discussing the potential for "smart frequency solutions" with reinsurers.

European storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.

European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.

More public-private partnerships are needed to keep cat risk affordable.

Continental cedants are looking for support for third and fourth events.

Jens Melhorn, Head of Property Treaty for EMEA at Swiss Re discusses key reinsurance topics, including global conflicts, natural catastrophe trends, and the growing need for public-private partnerships to keep insurance affordable.

European casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.

Capital diversity can only be achieved when there are more options for third-party providers to access.