More threat, more opportunities: Re/insurance 2020
Monday, 06 29 2015, Category: Insurance and Reinsurance, Country: World
The insurance and reinsurance industry face more disruption over the coming five years than any other commercial sector, according to CEO’s surveyed by PwC in a recent report, which will result in both threats and opportunities.
Obviously capital trends in insurance and reinsurance have driven significant change and created opportunities for innovative players willing to come to market with new and efficient business models, over recent years.
Some of this has been due to market forces, the low levels of major loss experience in the last two years and the growing capitalisation of the sector, while new entrants with efficient capital models and ILS type strategies have exacerbated the trend.