Enterprise risk management key for reinsurers
Saturday, 08 20 2016, Category: Rating, Country: World
Reinsurers' strong enterprise risk management (ERM) frameworks are essential for the sector to navigate the current challenging environment, according to S&P Global Ratings.
Reinsurers are facing headwinds including strain on underwriting from lower prices in the property catastrophe and specialty markets, growing competition from alternative capital sources, lower investment income, and risks related to extreme weather and evolving regulations, the ratings agency noted.
Source: Intelligent Insurer