Jerad & Ben sit down with Jacob Palmer, Partner at Boston Consulting Group (BCG) and co-author of the Reinsurance in Focus report. They dive into all things reinsurance in this fascinating and extremely informative episode.
EPISODE LINKS:
Jacob's LinkedIn: https://www.linkedin.com/in/jacob-palmer-664ba430/
BCG's Reinsurance in Focus Report: https://www.bcg.com/publications/2022/global-reinsurers-tsr-performance
CONNECT & SUPPORT:
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Say Hello: cordy@supercede.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(00:43) Reinsurance in Focus for BCG
(02:32) Jacob’s Introduction to Reinsurance
(05:21) 5 Year vs. 10 Year Horizons for the Industry
(08:46) The Ways Reinsurers Make Money
(10:26) Top Performers in the BCG Reinsurance Report
(11:50) Challenges for Smaller Reinsurers
(14:14) Costs Associated With Portfolio Diversification
(15:32) The Impact of Inflation & Higher Interest Rates
(18:28) Evaluating the Objectives & Purpose of Reinsurance
(20:16) Metrics for Industry Executives to Keep an Eye On
(21:43) How Long Will the Hard Market Last?
(26:40) Reinsurance Relative to Other Industries
(28:55) Thoughts on Diminishing Industry Value
(34:06) Reinsurance Technology Supporting Practitioners
(34:59) What Are Reinsurers Good At?
