Bloomberg Businessweek ICYMI: The Business of Risk
Jul 16, 2025
Discover the evolving world of specialty insurance and the trends shaping it. Learn how climate change and cybersecurity are pivotal to risk management strategies. The CEO of a global insurer explains the importance of tailored solutions for businesses facing unique challenges. Delve into niche markets like marine and cyber insurance while uncovering opportunities amidst financial risks from catastrophic events. Explore how collaboration is key in flood insurance and the growing relevance of specialty coverage in today’s uncertain landscape.
AI Snips
Chapters
Transcript
Episode notes
Pivot to Specialty Insurance
- Axis Capital shifted from catastrophe reinsurance to specialty insurance products to better meet client needs globally.
- This pivot also provided stronger economic benefits by being at the insurance point of sale.
Growth Through Wholesale Channels
- Wholesale distribution is the fastest growing channel for Axis in the US, covering many industries like construction and entertainment.
- They offer tailored, unbundled insurance products specific to the exposures clients face.
Managing Catastrophic Risk
- Axis uses sophisticated models to determine risk tolerance for catastrophic events affecting multiple clients.
- This approach has improved volatility control and contributed to over 100% total shareholder return growth in two years.