Rational and irrational trends in reinsurance
Tuesday, 07 19 2016, Category: Insurance and Reinsurance, Country: World
Movements and trends in the global reinsurance industry suggests reinsurers are showing signs of both rational and irrational behaviour in the current, softening landscape, according to industry leaders.
At the recent Standard & Poor’s (S&P) insurance conference in New York, market leaders commented on current market conditions, with the rationality of firms’ underwriting being a key takeaway from debates.
The global reinsurance marketplace remains pressured from a range of headwinds, which are persisting to drive down rates and ultimately limit true underwriting profitability across the majority business lines.