Can “little better than break-even” be sustained?
Friday, 08 18 2017, Category: Insurance and Reinsurance, Country: World
Just how long can an industry continue to operate in a traditional manner while the performance of its main revenue stream is described as “little better than break-even”? This question leaps to mind when reading the latest reinsurance report from Fitch Ratings.
Reinsurers are embattled, that goes without saying and our readers are au fait with the fact that soft market pressures continue while at the same time the industry is evolving to embrace new business models, more direct distribution, technology (insurtech), as well as efficient capital sources and structures.