On spending your way out of a soft reinsurance market
Friday, 08 12 2016, Category: Insurance and Reinsurance, Country: World
The results of many of the insurance and reinsurance industries leading players, over the first-half of 2016, show that one response to a challenging, competitive and softening market, is to try to spend your way out of it.
Expense ratios are clearly on the rise among the majority of re/insurers, with some showing increases of two or more percentage points year-on-year in their Q1 and Q2 results.
The insurance and reinsurance industry expense ratio is a key component of the combined ratio, that figure (most) re/insurers are trying to keep under 100%.