Changing landscape of global agriculture reinsurance
In this IIL reinsurance lecture Simon Ellis discussed how Agriculture Reinsurance has evolved to become integral to both food security and political/corporate/financial stability, in many key territories across the world where catastrophe risk is ever present.
Simon started his lecture by considering the changing landscape in which Global Agriculture Reinsurance is playing a key role and considered such topics as global population growth and national concentrations, the evolution in eating habits and diets, catastrophe risk and climate change.
Simon then devoted a section to politics, including the UN, but then focussed on national government involvement in food security and the influence of farmer lobbies in key territories and how/where this has nurtured/continues to nurture the rise of subsidy based/actuarially sound agricultural insurance and reinsurance. In conclusion, Simon looked at how Agricultural Reinsurance has evolved in support of those (many) countries where Actuarial Agriculture Insurance is practiced.
By the end of this lecture members would have gained an insight into:
- The changing global landscape in which Agricultural Reinsurance is evolving
- The political imperatives driving the evolution of Agricultural Reinsurance around the world
- How Agricultural Reinsurance is evolving to meet those needs
After a Short Service Commission in the Royal Navy, Simon joined Guy Carpenter in 1986. In his 30 years with the company, Simon has worked to develop and service business in North America, Australia and India. He now has account responsibility in each of these three territories and a more general responsibility for Agricultural business in India.
Rachael Wallington, Senior Underwriter, Reinsurance - Specialty, MS Amlin.
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