Aon’s Andersen: Cat risk transfer must be a “fair trade” to prevent retrenchment
In this video, part of The Insurer TV’s Bermuda Risk series, Aon’s president Eric Andersen talks to content editor Sophie Roberts about how Bermuda is building out a “climate marketplace” which must be supported and the important role the industry will play in the transition to become net zero.
During the interview we discuss:
- The significance of the capital being deployed in Bermuda for nat cat perils
- How portfolios backed by data and analytics are crucial when it comes to informing how capital can be deployed
- How the unsuccessful Aon/WTW deal pointed to gaps that needed fixing which led to a “new Aon”
- The significant role the industry will play in climate transition