The Voice of Insurance Ep219 Ryan Mather Ariel Re: The 16-year-old start-up
Jul 23, 2024
Ryan Mather, CEO of Ariel Re, excels in emerging markets like green energy and cyber reinsurance, while navigating traditional lines. In the discussion, he shares bullish insights into the insurance market and the evolving landscape of Lloyd’s. Ryan dives into the innovative strategies of Ariel Green and highlights the integration of AI in underwriting. He also tackles the importance of regulatory improvements in states like Florida and examines future investor dynamics, revealing an optimistic outlook for reinsurance in an ever-changing environment.
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Episode notes
Reinsurance Market Outlook
- The reinsurance market is currently attractive, with property cat, cyber, marine energy, and clean energy lines all performing well.
- Cyber is experiencing a shift towards occurrence cat type coverage as reinsurers adapt to changing demand.
Cyber Insurance Evolution
- The cyber insurance market is maturing, moving from proportional coverage to more sophisticated aggregate stop loss and occurrence cat covers.
- Increased understanding of cyber risk and improved modeling contribute to this evolution.
ILS Market Dynamics
- The ILS market and traditional reinsurance market compete for the same capital, making direct comparisons of hardness or softness less relevant.
- Different components of the ILS market, such as cat bonds and collateralized reinsurance, operate in distinct spaces.