Arun Balakrishnan, CEO and co-founder of Xceedance, advocates a transformative approach for insurers.

Understanding markets and the pressures associated with risk helps business evolve, said Scott Egan, chief executive officer, SiriusPoint. Egan spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.

Reinsurers are pricing the risk, investing in the risk on the asset side and underwriting the risk, positioning them to cope with the challenges today and tomorrow, said Jerome Haegeli, group chief economist of Swiss Re.

The traditional commercial portfolio now includes elements of cyber, engineering, political violence and contingency, said Waleed Jabsheh, CEO of International General Insurance.

Reinsurance and ILS markets have shown underwriting discipline, important because much of the past 10 years was not so positive for many industry participants, said Henning Ludolphs, managing director, retrocession and capital markets, Hannover Re.

With more than 200 million entrants into the middle class each year, the region offers growth in property, pension, life and health, said Peak Re CEO Franz-Josef Hahn. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.

The decision to purchase capacity directly via the treaty route has allowed an insurer to control its own destiny, said Jamil Elbahou, CEO and underwriting chief, Connect Underwriting. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.

Efforts such as cyber hygiene, flood prevention and making base products simpler and more accessible are paramount to closing the protection gap, said Patrick Tiernan, chief of markets, Lloyd’s. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.

The reinsurance sector must prove that it’s worthy of capital support, and continuing its recent trading history of decent returns can go a long way, said Mark Cloutier, executive chairman and group CEO, Aspen. Cloutier spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.

Insurance-linked securities, parametric and catastrophe bonds, and other private instruments can help nations outside the United States and Western Europe transfer risk, said Kirill Savrassov, chief executive officer, Phoenix CRetro Ltd. Savrassov spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.