Frank Nutter

Growth is a problem in the reinsurance sector”, according to Frank Nutter, President of the Reinsurance Association of America (RAA). Growth in the U.S. would to include new market opportunities. Companies are looking at diversifying and going into geographic areas, and new products such as cyber risk, business interruption, or supply chain risk. The privatization of the National Flood Insurance Program and terror risk are other potential growth opportunities. The RAA believes the industry needs more aggressive action related to new market opportunities, not just transferring risk from one company to another.

For more information in the issues facing the reinsurance market, visit the RAA website, or the WRIN.tv On Demand Library.

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