Three years of growth and seeking opportunity

Deutsche Rück started writing business in Latin America only three years ago—but has enjoyed a warm reception, says Florian Kummer.

It has been only three years since Deutsche Rück started writing business in Latin America. But it has enjoyed good growth and is seeing many more opportunities in the region, in part buoyed by the hard market, Florian Kummer, managing director, Latin America, told FIDES Today.

He said the business has built a technically sound book in that time in its target areas of writing reinsurance treaties, mainly in the mass and middle-market segments in traditional lines such as property and nat cat, engineering, casualty, marine and motor.

“It is very gratifying to see how well we have been received by our clients and broking partners,” Kummer said.

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World Bank and IDB Invest partner

The two bodies will mobilise more private sector capital in LatAm and the Caribbean.

Brazil cyber: ready to grow

The cyber insurance market in Brazil could be poised for rapid expansion: Fitch.

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Aon unveils top 10 growth opportunities for insurers

As technology develops at lightning speed and global megatrends drive the world to change, re/insurers will need to seize the opportunities to enter new markets and offer new services.

Emerging “megatrends” such as climate change, artificial intelligence (AI) and the metaverse, are profoundly changing our world and will drive the re/insurance market of the future, according to Aon’s report “Transformative Trends”.

“Billions of dollars in premium are there to be taken. Very large changes bring risk and volatility, and therefore greater demand for protection. As an industry, we cannot afford to sit on the sidelines and wait for these trends to crystallise,” said Sherif Zakhary.