Share on Facebook Share on Twitter Share on Google+ Share on Linkedin Keith Wolfe, President US P&C at Swiss Re, provides an overview of a recent Sigma Report on the Mutual sector, the impact of disruptive technologies, the nat cat market and growth. Commenting on Swiss Re’s Sigma Report, Mr. Wolfe that says the Mutual Insurance sector is stronger than ever, with an increase in market share since the 2008 financial crisis. Mr. Wolfe sees technology and related disruption as major issues for insurers, as well as behavior economic and other data sciences. Opportunities lie in embracing the disruption from technology. Data and technology has been changing the landscape in the industry dramatically over the past several years, and it is accelerating. Ultimately, companies that do not pay attention to Big Data and predictive analytics will find themselves out of business. In the natural catastrophe space, Mr. Wolfe sees a slow and gradual decent in rates to where technical rates across nat cat portfolios, at Swiss Re and other organizations, have reached a breaking point, where the cost of capital is not worth it. Mr. Wolfe says growth at Swiss Re is going to come through being creative and bringing new solutions to clients. He says that trying to beat other reinsurers to death in the streets on existing business is not a great part of the business model. For more of WRIN.tv’s coverage of the annual NAMIC Convention, visit our On Demand Library.