Advice
What the Reinsurance Community Thinks of the Current Risk Landscape
A reinsurance expert's perspective on market conditions and how risk has changed over the years
Ep. 02
05.30.2024
Hear from reinsurance expert Lara Mowery of Guy Carpenter on the conditions that led to 2023’s hard market and where the market is headed now. In this episode, we’ll also touch on how the view of risk has shifted over the years, how we can work to make homes more resilient and how the relationship between reinsurers and insurers is evolving.
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Chapter One: The State of the Market
The market conditions in 2022 and prior made 2023 incredibly difficult for many insurers, especially when it came to securing reinsurance. Losses from catastrophe events were pouring in, at the same time interest rates started to move and there was also inflationary pressure. Fast-forward to 2024, we are now seeing some of these factors subside and some insurers are seeing more stability.
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