Soft market, third-party capital top reinsurance survey concerns
Saturday, 05 09 2015, Category: Insurance and Reinsurance, Country: World
A new survey of global reinsurance professionals has found that the top concerns and challenges that the industry faces are the ongoing soft market conditions as well as the threat posed by third-party reinsurance and ILS capital.
Respondents to the survey, undertaken by Xuber the insurance software arm of Xchanging, listed their top concerns for the rest of this year as the soft market, third-party capital, mergers and acquisitions, maintaining underwriting discipline and regulation.
81% of the reinsurance market participants polled cited the soft market as one of their top five concerns, while 66% cited the competition presented by third-party sources of reinsurance capacity and insurance-linked securities (ILS) investors.