Region: Global

Outsized capabilities, outsized impact

The effects of climate change are increasingly evident. Who better than re/insurers – blessed with the advantages of data, expertise, and balance sheets – to play an outsized role in driving broad-based adaptation to changing global climate, as well as the transition to net zero?

Broker brand power

Brand awareness of the largest reinsurance brokers is near ubiquitous among insurers (and reinsurers), although institutional focus and capabilities, corporate personality & culture as well as customer engagement models offer critical differentiators beyond awareness. Sustained levels of differentiation inevitably become visible in ‘brand experience’.

Global Trends & Performance

Our global perspectives on the P&C reinsurance industry are drawn from the feedback of more than 2,000 insurance executives and reinsurance brokers (P&C Re Study 2022; February-June 2022) as well as our broader industry activity and networks. Repricing at the 1/1/2023 renewal, as anticipated by insurers (although not in its extent), has produced something for a reset for the industry heading into 2023.