Falling insurance prices do not necessarily mean that corporate risk has become easier to finance.
The more important change may be happening before risk reaches the traditional market.

Corporates are using captives, claims data, reinsurance and structured capital to decide:
-what to retain;
-what to transfer;
-and which volatility they are prepared to own.

A soft market is therefore not merely an opportunity to reduce premium.
It is an opportunity to redesign the risk-financing architecture while capital providers are willing to negotiate.

Henri Winand examines what this means for corporates, brokers, MGAs, carriers and reinsurers in The Business of Resilience (read the full article here):
https://lnkd.in/eXj_-bP9