Asia-Pacific prospects remain a lure for reinsurers
Saturday, 10 15 2016, Category: Insurance and Reinsurance, Country: Asia
Growth prospects in Asia-Pacific are still appealing to many reinsurers even with the prevailing soft markets, according to an AM Best report.
The rating agency said that many global reinsurers see Asia-Pacific as an opportunity to diversify, particularly in big emerging markets such as China and India.
Amid these growing markets, regulators within these countries are devising reinsurance strategies, and AM Best believes there will be a trade-off between nourishing local players with favourable policies and promoting open markets.
Source: Intelligent Insurer