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Does Insurance-Readiness Room participation create reinsurance capacity?

No. Insurance-Readiness Room participation does not create reinsurance capacity. 

Reinsurance capacity is a formal market commitment or indication from authorized reinsurance actors through appropriate insurance and reinsurance processes. It cannot be created by GRA room participation. 

A reinsurer or reinsurance professional may contribute to a readiness discussion without providing capacity, appetite, pricing, treaty support, facultative support, retrocession support, catastrophe bond support, or insurance-linked capital support. 

A room may identify that a matter is reinsurance-relevant because it involves catastrophe exposure, aggregation risk, sovereign disaster risk, public-private risk-sharing, systemic infrastructure risk, parametric design, or insurance protection gaps. That relevance is not availability. 

Participants must not claim that reinsurers in GRA have capacity, appetite, interest, support, or commitment unless the relevant reinsurance actor separately and formally states that through its own lawful process outside GRA. 

Reinsurance relevance is a question. Reinsurance capacity is a decision. GRA does not provide the decision. 

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