Use the below code to add this video to your website.
Reinsurance innovations aren't necessarily coming in the form of entirely new products, according to Mike Krefta, the chief underwriting officer of Hiscox Re. Rounding out offerings like RAP and SECAT--Hiscox's forms of risk aggregate protection and second event covers--the reinsurer designs bespoke single-peril takeouts to help insurers grow in new areas. Krefta explained these to Carrier Management at the 2014 PCI Annual Conference.