#37 - Jacob Palmer: Reinsurance in Focus

Jerad & Ben sit down with Jacob Palmer, Partner at Boston Consulting Group (BCG) and co-author of the Reinsurance in Focus report. They dive into all things reinsurance in this fascinating and extremely informative episode. EPISODE LINKS: Jacob's LinkedIn: https://www.linkedin.com/in/jacob-palmer-664ba430/ BCG's Reinsurance in Focus Report: https://www.bcg.com/publications/2022/global-reinsurers-tsr-performance CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: [email protected] OUTLINE & TIMESTAMPS: (00:00) Intro (00:43) Reinsurance in Focus for BCG (02:32) Jacob’s Introduction to Reinsurance (05:21) 5 Year vs. 10 Year Horizons for the Industry (08:46) The Ways Reinsurers Make Money (10:26) Top Performers in the BCG Reinsurance Report (11:50) Challenges for Smaller Reinsurers (14:14) Costs Associated With Portfolio Diversification (15:32) The Impact of Inflation & Higher Interest Rates (18:28) Evaluating the Objectives & Purpose of Reinsurance (20:16) Metrics for Industry Executives to Keep an Eye On (21:43) How Long Will the Hard Market Last? (26:40) Reinsurance Relative to Other Industries (28:55) Thoughts on Diminishing Industry Value (34:06) Reinsurance Technology Supporting Practitioners (34:59) What Are Reinsurers Good At?