Insurance & Reinsurance

Actor Type: Insurer Breaks When: Systemic Loss Capital Intensity: Medium Cash Flow Stability: Stable Economic Nature: Risk Transfer Margin Driver: Risk Pricing Notes / Insights: Only insure what’s insurable Performs Best When: Crisis Awareness Pricing Power: Moderate Primary Function: Absorb catastrophic physical risks Primary Risk Transfer Mechanism: Reinsurance Primary Risks Held: Catastrophic Correlation Public / Private Mix: Mostly Public Representative Firms: Lloyd’s, Swiss Re Residual Risk After Transfer: Low Revenue Model: Premiums Typical Margin Profile: Low to Medium Value Chain Segment: Services & Risk Who Ultimately Bears the Risk?: Policyholders