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Re/insurance Collaboration Key To Managing Climate And Cyber Risks

Re/insurance Collaboration Key To Managing Climate And Cyber Risks

Laurent Rousseau, CEO of EMEA and Global Capital Solutions at Guy Carpenter, emphasized the critical need for clear stakeholder roles within the reinsurance industry to ensure resilience amid escalating systemic risks. His remarks come as the industry faces growing challenges such as cyber threats and climate change.

Speaking in anticipation of the upcoming Guy Carpenter Baden-Baden Reinsurance Symposium, Rousseau addressed these evolving risks and their impact on the industry. The symposium, themed “Partnering through Crises, Shocks, and Cycles,” will spotlight the importance of collaboration in overcoming such obstacles. Rousseau noted the industry’s longstanding ability to withstand crises, underscoring that shocks have always been a part of reinsurance’s landscape.

Roland Oppermann, board member of SV SparkassenVersicherung and a speaker at the symposium, stressed the increasing importance of partnerships in tackling diverse challenges. He highlighted the intersection of climate change, cyber risks, and geopolitical tensions as critical areas requiring coordinated efforts.

Maria Rapin, CEO of Nephila Climate, addressed the role of alternative capital in supporting the market through crises. She underscored its growing influence as a significant capacity provider and an essential tool for ensuring the industry’s long-term resilience.

Andreas Berger, Group CEO of Swiss Re, echoed these sentiments, emphasizing the reinsurance sector’s pivotal role in aiding recovery efforts during times of crisis.

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