Reshaped reinsurance can support sustainable development
Monday, 11 09 2015, Category: Insurance and Reinsurance, Country: World
The last decade has been pivotal for the global reinsurance industry, resulting in a complete reshaping of it as reinsurers take different approaches to adapting to the new marketplace reality. However opportunities exist, such as supporting global sustainable development goals.
“The last decade has been pivotal for the industry. There have been sweeping changes across social, technological, environmental, economic and political factors which will continue to influence the way reinsurers adapt to thrive,” according to PwC Bermuda Territory leader and Insurance leader, Arthur Wightman.
Of course one of the major changes that has affected reinsurers and the global reinsurance industry is the convergence with capital markets and the rapid growth of institutional investor capital through insurance-linked securities (ILS).