Insurers: Industry needs to innovate

The insurance industry must be more creative in the development of products to meet increasingly complex risks, speakers at the recent Cayman Captive Forum said.

The insurance industry has been successful in attracting capital, but it has not kept up with the requirements of buyers in terms of coverage, according to Brendan Barry, chief underwriting officer at Cayman reinsurer Greenlight Re. “We are excellent at providing more capacity for risks that you already have lots of coverage for.”

Caymanian Compass

 

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