London reinsurance market needs true innovation
Monday, 09 14 2015, Category: Insurance and Reinsurance, Country: United Kingdom
The London insurance and reinsurance market needs “true innovation” as it seeks to cement its role at the centre of global re/insurance commerce. Purely repackaging what has been done well elsewhere, or making marginal gains, is not sufficient according to a report from DAC Beachcroft.
“Making predictions about the future of the insurance market is not for the faint-hearted but this is what we asked our insurance experts to do,” commented David Pollitt, partner and head of insurance at law firm DAC Beachcroft.
But that is what the law firm seeks to do, in a recent report highlighting 50 challenges (and opportunities) facing the UK re/insurance market, titled ‘Insurance Market Conditions & Trends 2015/16.’