David Flandro on creating value as the hard market softens with The Reinsurance Podcast at Baden-Baden
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As reinsurers navigate hard market softening, David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re, believes there is significant opportunity for value creation in today’s market environment, provided firms stay creative and data-driven.
Speaking with The Reinsurance Podcast at the Baden-Baden Reinsurance Meeting, he drew on insights from Howden Re’s recent reports, Who dares wins and Agents of change, to describe the state of today’s market.
“We think we’re in a phase of the cycle where rates are softening, but from a very high peak,” Flandro said. “There’s still plenty of opportunity for reinsurers to create economic value while finding business with their cedents that makes sense for both sides. This is a market in which everyone can win.”
He emphasised that creativity is key in the current environment. “This is the time to be creative, to find ways to capture economic value for reinsurers and mitigate the difficulties cedents have faced in recent years,” he said, referencing solutions such as aggregate and parametric covers featured in Who dares wins.