Public-private partnership to boost innovation & demand
Tuesday, 08 16 2016, Category: Insurance and Reinsurance, Country: World
To combat the pressure from challenges facing the global reinsurance industry, as competition, the low interest rate environment and headwinds limit growth & erode returns, participants should look to partnerships and innovation as a way to stimulate demand.
Innovation is one way firms can stimulate growth in emerging risks and regions, which can be helped via the support of regulatory and governmental organisations, according to Munich Re. Advice that is also relevant to the larger ILS fund players, who are increasingly gaining a profile in these circles as well.