Further changes for unrecognizable reinsurance market
Friday, 06 17 2016, Category: Insurance and Reinsurance, Country: World
Fundamental changes to the requirements and abilities of reinsurers has created an industry that’s unrecognizable from previous years, and with rapid change expected to continue and additional re/insurance consolidation predicted, reinsurance brokers have suggested further sector transformation.
At the Bernstein fourth annual thematic insurance conference, players from the insurance and reinsurance industry presented insightful and thought-provoking ideas and views on various aspects of the risk transfer landscape.
Catastrophe reinsurance broker and risk/capital management advisor TigerRisk Partners LLC, and reinsurance brokerage JLT Re both highlighted changes within the reinsurance sector in years gone by, while underlining the potential for further transformation in the sector, driven by the changing risk landscape and market headwinds.