Analysts at Jefferies have asserted that Hannover Re is set to benefit from opportunities in areas of change that it has embraced to a greater extent than many peers, including the hard market environment, ILS markets, Asian growth and even IFRS 17.
In terms of innovation, Jefferies notes that Hannover Re has proactively embraced the ongoing, structural changes present in the reinsurance industry, for example by growing its structured reinsurance gross premiums at a 30% compound annual growth rate (CAGR) over the past 5-years.
Similarly, in insurance-linked securities (ILS), Hannover Re now fronts for more than 1,500 participations, growing premiums at a 21% rate over the past 5-years.
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