Asia-Pacific reinsurance buyers benefit from market
Saturday, 11 07 2015, Category: Insurance and Reinsurance, Country: Asia
Current reinsurance market conditions underlined by excess capacity, a benign loss environment and fierce competition, has seen buyers in the Asia-Pacific region benefit from favourable pricing, according to reinsurance specialist Guy Carpenter (GC).
Buyers of reinsurance across the Asia-Pacific region have experienced favourable pricing throughout 2015, says GC, along with favourable terms and conditions as the wealth of capacity in the sector continues to exceed demand across the Asia-Pacific.
According to the global risk and reinsurance specialist, buyers in the area took advantage of the plentiful, more efficient reinsurance capital during 2015 by increasing protection levels.