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OLDWICK - SEPTEMBER 12, 2016 03:01 PM (EDT)
In this A.M.BestTV episode, on location from Les Rendez-Vous de Septembre (Rendez-Vous) reinsurance conference in Monte Carlo, Monaco, (re)insurers say their challenge is to convince insurers and the public that their products and services are affordable, valued and effective in guarding against a growing range of global risks. Click on http://www.ambest.com/v.asp?v=rvs1916nc to view the entire program.
The hot topic at this year’s conference, how does the reinsurance industry remain relevant.
“Actually in one sense, reinsurers are more relevant than they have ever been,” said David Flandro, global head of strategic advisory, JLT Re. “This is because the product that they sell is more effective and more economical than it has ever been. What reinsuers need to do to remain relevant is to tell insurers how relevant they are, that they’re selling the cheapest form of contingent capital around.”
“Knowledge is a very important part of what the industry has to do to remain relevant, whether it be basic technical knowledge or training and information (that allows) people coming into the industry to continue to develop and succeed,” explained Bob Jones, president and chief marketing officer, direct property/casualty operations, General Reinsurance AG. “What we need to do is continue to bring people in, but we also need to develop those people and develop the knowledge.”
Other people that appeared in this episode:
A.M.BestTV will be covering the entire 2016 Rendez-Vous. Visit http://www.ambest.tv/rvs16 for full coverage and exclusive interviews with key reinsurance executives.
Recent episodes of A.M.BestTV include:
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv .
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.