Negative Reinsurance Sector Outlook Not Changing
Tuesday, 09 06 2016, Category: Insurance and Reinsurance, Country: World
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time.
“Our rating outlook remains longer-term than our typical 12-18 months,” A.M. Best said in its annual review of the global reinsurance sector. “The market headwinds present significant longer-term challenges that the industry players need to work through.”
What’s more, A.M. Best warns that companies don’t proactively try to address these conditions and develop a better survival plan likely won’t last.
Source: Carrier Management