Insurance returns could be lower than anticipated
Wednesday, 09 20 2017, Category: Insurance and Reinsurance, Country: World
Looking forward as the insurance and reinsurance market adjusts to the new normal of efficient capital and sources of competition, the traditional market may have to accept that returns could be “lower than we’ve traditionally anticipated” from here on, according to Lloyd’s Chief Executive Inga Beale.
Speaking with Artemis in Monte Carlo last week, Inga Beale discussed the changing re/insurance market dynamic, driven by new competitors, efficient capital and of course technology.
Speaking about the current state of the market, Beale said; “It’s very competitive. Maybe we’ve all got to expect that the normal level of returns are going to be lower than we’ve traditionally anticipated.”