Higher cat losses a warning say reinsurance execs
Friday, 12 23 2016, Category: Insurance and Reinsurance, Country: World
The higher levels of catastrophe losses in 2016 could represent something of a wake-up call for the re/insurance industry after a number of years of benign loss activity – especially against a backdrop of a continued soft market in most lines of business, according to a number of senior executives interviewed by Intelligent Insurer.
As 2016 drew to a close, Intelligent Insurer asked a number of re/insurance executives for their opinions on the most important developments in the re/insurance industry in 2016. A significant number cited the high levels of cat losses and the effect these may have on an industry struggling for profitability already thanks to soft market conditions.
Source: Intelligent Insurer