Evidence that reinsurance underwriting cycle is dead
Tuesday, 01 12 2016, Category: Insurance and Reinsurance, Country: World
Alternative capital and insurance-linked securities (ILS) may be a “more efficient risk engine” for the insurance and reinsurance market, providing evidence for structural change and the death of the underwriting cycle, according to Aon Benfield.
In order to call the current disruption in insurance and reinsurance a “new normal” or to predict that “this time it is different”, solid evidence is required before calls for the end of the underwriting cycle are given credence.
Alternative capital and ILS provides this evidence, reinsurance broker Aon Benfield suggests in its latest market outlook report.