Brad Kading, President of ABIR, sees growth in the U.S. coming from shifts in business from State residual insurance markets (i.e. Florida and Texas).  According to Mr. Kading, Reinsurers would like to take on risk coming from the National Flood Insurance Program, (NFIP). Guy Carpenter estimates that $9-12 billion in capacity might be available from the NFIP. In the UK, a new flood insurance mechanism could tap a couple billion dollars n reinsurance capacity.

In the developing world, growth can come from increasing insurance penetration overall, providing products people can afford.  The Chinese need to be convinced that insurance of skyscrapers in Shanghai and Beijing is appropriate.

For more information on the Joint Industry Forum, visit the On Demand Library.

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