Reinsurers should focus on innovation and cycle management
Friday, 10 21 2016, Category: Insurance and Reinsurance, Country: World
Reinsurers should not be worrying about if and when the soft market will end—instead they should be focused on innovation and cycle management during the prolonged downturn, Torsten Jeworrek, member of the Board of Management at Munich Re, tells Intelligent Insurer.
“Pricing cycles have become less volatile and pricing developments differ in the various regions and lines of business,” Jeworrek said. “But, of course, the overall available capacity and the capitalisation of the market players have an influence on the rates”.
“Prudent cycle management is key to keeping the profitability of a portfolio”.
Source: Intelligent Insurer