ILS can increase efficiencies & reduce costs for reinsurers
Saturday, 10 01 2016, Category: Insurance and Reinsurance, Country: World
Being able to successfully attract and deploy alternative reinsurance capital can provide reinsurers with some potentially invaluable cost reductions and broader market efficiencies, according to global reinsurance broker Aon Benfield.
The persistent inflow of sophisticated, and efficient third-party reinsurance capital is contributing to the evolution of the global reinsurance industry, which, has seen a host of companies look at adopting new, innovative, and more cost-efficient business models.
“A structural shift in the way capital is raised and deployed to mitigate insurance risk is underway,” says Aon, in its latest Aon Benfield Aggregate report (ABA).