New reinsurance demand expected with Solvency II
Tuesday, 09 29 2015, Category: Insurance and Reinsurance, Country: Europe
A potential bright spot for reinsurers has been highlighted by global reinsurance company SCOR, which is expecting to see an increased and new demand for capacity from some of its larger, global clients, as the implementation of Solvency II approaches in early 2016.
SCOR sees its larger clients increasingly focused on services, rather than just capacity and price, after its meetings with important cedants in Monte Carlo this year, according to analysts at RBC Capital Markets.
With strong client relationships, SCOR also gets to discuss the future needs of large cedants and according to the analysts the French reinsurer is expecting to find opportunities to deploy additional capacity in the coming months.