No sign reinsurance pricing will bounce back quickly
Saturday, 06 10 2017, Category: Insurance and Reinsurance, Country: World
The January 1st, 2018 renewal season could see pricing in the reinsurance market finally reach the elusive and much discussed bottom of the cycle, with the question then turning to how long the trough will be, suggests analysts at Deutsche Bank.
Deutsche Bank has completed its seventh Global Financial Services Conference in New York, U.S., which included 85 companies, of which 15 were European insurers, and or reinsurers. Perhaps unsurprisingly, Deutsche Bank explains that of the reinsurance meetings it attended, the state of the marketplace, and more specifically the pricing environment, was a common theme.
“It is a common view that the current softening will ease and that price levels will stabilize, but there are still factors that are weighing negatively on pricing”.
Source: Reinsurance News