Content

Strategy

Strategic orientation

  • In the non-life reinsurance business group Hannover Re operates opportunistically in accordance with strict profit criteria. During soft market phases premium volume and market share are reduced; the opposite applies during a hard market.
  • Our know-how and infrastructure enable us to both quote and lead a programme or treaty at any time. Market leadership, however, is considered a desirable value-added only in specially selected markets.

Risk management

  • Correct assessment of exposures as well as adequate pricing, terms and conditions ensure that a sufficient level of reserves is available. Hannover Re writes business only to the extent that it can be run in its retention.
  • Retrocessions are used to protect capital and to stabilise and optimise results. Dependence on specific retrocessionaires or reinsurance markets is avoided

Quantitative targets

  • Double-digit growth in the operating profit (EBIT); EBIT margin of at least 10% relative to net premium earned
  • Combined ratio of under 100% with a normalised catastrophe loss burden of 8%.