The world is not becoming less risky.
But the risk pool available to insurers and reinsurers is shrinking:

> Large corporates increasingly decide where volatility will sit before the traditional market sees it.
> Predictable losses can remain on the balance sheet.
> Controlled layers could move into captives.
> Clean remote risks may attract alternative capital.
> Primary insurers may retain more of the business they understand.

What reaches the reinsurer has already been selected several times.

That creates a difficult paradox:
> Corporate risk is growing.
> Available premium may still look substantial.
> But access to attractive original risk is becoming scarcer.

In this edition of “The Business of Resilience”, I examine why this matters to boards, captives, insurers and reinsurers:

Read The Risk Pool Is Shrinking here:
https://lnkd.in/eJVnYqkC