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Guid\u00e9e said his interactions with clients will centre on \u201clooking at adequately priced risk\u201d and noted clients look for \u201creinsurers who have a willingness and the ability to pay claims when they arise.\u201d<\/p>\nIn a recent Reinsurance News interview, Renaud Guid\u00e9e, Chief Executive Officer of AXA XL Reinsurance, discussed the priorities shaping client conversations and market strategy at this year\u2019s Singapore International Reinsurance Conference (SIRC).<\/p>\n
Guid\u00e9e said his interactions with clients will centre on \u201clooking at adequately priced risk\u201d and noted clients look for \u201creinsurers who have a willingness and the ability to pay claims when they arise.\u201d<\/p>\n
On current market conditions, Guid\u00e9e described the environment as stable and well-balanced. \u201cThe market looks healthy and balanced,\u201d he said. \u201cThere are lower cat losses than expected this year but given increasing weather volatility globally there\u2019s still strong interest in the cat market.\u201d<\/p>\n
Asia\u2019s protection gap remains a major concern. Referencing the July 2025 OECD report, \u2018Protection Gaps for Insurance for Natural Hazards and Retirement Savings in Asia\u2019, Guid\u00e9e pointed out that \u201cAsian countries have a higher protection gap than other continents despite the considerable exposure to natural hazards such as typhoon and flooding.\u201d<\/p>\n
He highlighted the report\u2019s findings that \u201cfor the 2019\u20132023 period, average annual economic losses were 165% greater than for the first five years of the new century (2000\u20132004) and that for the period 2000 to 2023, less than 7% of economic loss was insured, with more than half of the countries at less than 5%.\u201d<\/p>\n
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<\/a><\/div>\n<\/div>\nDiscussing how climate and exposure trends are changing, he said, \u201cIncreased rainfall, typhoon intensity, and rising sea levels in many parts of the world are affecting the hazard profile. Coupled with the greater hazard we expect large increases in exposure, particularly in cities, and the expectation is for higher economic and insured losses in the future.\u201d<\/p>\n
Guid\u00e9e also emphasised the long-term social and economic benefits of re\/insurance, citing the AXA XL supported Cambridge University Report \u2018Optimising Disaster Recovery\u2019. \u201cEach percentage point increase in insurance penetration (non-life premiums divided by a country\u2019s GDP) reduces recovery from disaster by 12 months,\u201d he said.<\/p>\n
\u201cLower income households are more at risk. The Cambridge report noted that in countries with very low insurance penetration, recovery is greater than 4 years and, in some cases, the region never recovers.\u201d<\/p>\n
For AXA XL Reinsurance, public-private collaboration is essential. \u201cWe are very interested as a reinsurer in the complementary role public risk transfer mechanisms play when co-ordinated with the private markets,\u201d Guid\u00e9e said. \u201cWe see the beneficial effect they bring when disaster strikes.\u201d He added, \u201cGetting families and businesses back on their feet quickly, and in a better state \u2013 a reformative recovery \u2013 is one of the largest benefits re\/insurance provides our clients and communities.\u201d<\/p>\n
Research partnerships continue to inform the company\u2019s strategy. \u201cWe use our research partners to promote a better understanding of risk and allow us to speak to our clients comprehensively about the risks they face now and also in the shorter and longer term,\u201d Guid\u00e9e said.<\/p>\n
\u201cThe wildfire research commissioned from the Cambridge Centre of Risk Studies shows that building codes in California have had a positive impact on the risk \u2013 properties built to chapter 7a code are 2.8 times more likely to survive a wildfire. By raising awareness of this kind of research, we can help be part of the solution.\u201d<\/p>\n
Looking ahead, Guid\u00e9e sees technology and data analytics as key to enhancing decision-making. \u201cAI can assist in sorting large volumes of unstructured data and has potential to enhance our modelling capabilities,\u201d he said. \u201cWe are constantly innovating and researching and will continue to invest in this area for our clients.\u201d<\/p>\n
The post AXA XL Reinsurance CEO Renaud Guid\u00e9e on closing Asia\u2019s protection gap: SIRC 2025<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" In a recent Reinsurance News interview, Renaud Guid\u00e9e, Chief Executive Officer of AXA XL Reinsurance, discussed the priorities shaping client […]<\/p>\n","protected":false},"author":1,"featured_media":3144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3142"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3142"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3142\/revisions"}],"predecessor-version":[{"id":3146,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3142\/revisions\/3146"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/3144"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3142"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}