5% price reductions at Jan 2018 renewals
Thursday, 09 07 2017, Category: Insurance and Reinsurance, Country: World
Persistent headwinds in the global reinsurance sector are expected to continue throughout 2017 and into next year, with Moody’s suggesting that the January 2018 property and casualty (P&C) reinsurance renewals will see further softening across most business lines.
Price declines in the reinsurance sector have slowed in more recent times, a trend that Moody’s analysts expect to continue and even accelerate into 2018.
Supporting this, is Moody’s Reinsurance Buyer Survey, which reveals that most cedents expect the property segment to experience further softening at January 1st, 2018, with declines anticipated to be in line with last year’s 0% – 5% reductions.