In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them.
Madea stated that the hard market conditions are driven by a number of different factors, including property volatility and climate change, high interest rates, constrained capital, and inflation and its impact on reserving.
