Overcoming Hard Market Challenges: How Risk managers are Using Innovative Risk Solutions

We're currently in a hard insurance market, and there are a variety of factors that got us here: Insured losses are rising, from increased values at risk, increasing inflation, and higher loss frequency and severity. We are in a difficult market environment due to poor loss experience, high combined ratios and poor returns, and insurers needing to improve their underwriting results. We're also experiencing continued global uncertainty, feeling the impacts of supply chain disruptions, the COVID-19 pandemic, the war in Ukraine, climate change and an increased frequency and severity of natural catastrophes and weather losses. So, how do we navigate these waters? In this session, we'll discuss structured solutions for a hard insurance market and explore how they decrease the volatility of a larger risk retention.

Mr. Siddhartha Tapaswi is a Senior Structurer at the Innovative Risk Solutions Te am in Swiss Re Corporate Solutions America Holding Corporation His current role is marketing , originating and executing Structured Innovative Risk solutions including Parametric NatCat and Public Sector solutions

Kai Ishii leads the Southeast Region within the Alternative Risk Transfer Group at Marsh. He is based out of the Atlanta Marsh office. In his role, he is responsible for designing, placing and advising on Structured Risk Finance, Integrated Risk, Loss Portfolio Transfer and other bespoke alternative risk programs.