Soft market remains biggest concern for reinsurance
Saturday, 06 11 2016, Category: Insurance and Reinsurance, Country: World
Soft market conditions continue to be the biggest concern for the reinsurance industry, according to the second annual global reinsurance survey from Xuber, the insurance software business of Xchanging.
The findings revealed that 33 percent named soft market conditions as the biggest challenge, with 74 percent of all respondents listing it among their top five concerns, down from 81 percent who placed it among their five leading concerns in 2015.
One executive suggested that as the market softens further, problems are being stored for the future and companies that do not act in a disciplined manner may well suffer later on.
Source: Intelligent Insurer