Venue: Lloyds Old Library, Insurance Institute of London, 20 Aldermanbury, London EC2V 7HY
Time: 1.15pm
Lecture to be given by Nick Goulder, international casualty director, Willis Re and Ian Watson, director of casualty products, Swiss Re.
Key Themes
- Short overview of the history of Motor Excess of Loss from both buyers' and sellers' perspectives
- Supply and demand for the product at higher and lower levels
- Complexity of the product - indexation, portfolio mix and other issues
- Counterparty credit risk and the diminishing appeal of the product as a voluntary purchase
- Easy challenges for reinsurers - getting inflation and IBNR in focus, unlimited horizontal
- Harder challenges for reinsurers - unlimited vertical, terrorism and the need to credit-enhance the product
