Awards 2013: Innovation of the year: BNP Paribas - collateral enhancer

awards-2013-bnp-paribas
Steve Nawrocki, BNP Paribas

As insurers’ capital ratios come under pressure in the aftermath of the credit crisis, financial strength including maintaining financial ratings remains a critical concern for the insurance and reinsurance industry. At the same time insurance companies are increasing their purchase of reinsurance protection in order to further reduce the volatility of their earnings going forward. In this challenging environment, reinsurance recoverable credit risk remains a critical concern for the in