UAE – Hardening reinsurance conditions
Friday, 12 22 2017, Category: Insurance and Reinsurance, Country: U.A.E
Reinsurers imposed more difficult conditions on cedants asking them to increase their participation and management of the risk, so reinsurance conditions are generally hardening due to the weakness of the results of insurance companies.
Experts told “Al Roeya” that reinsurance companies imposed hardening conditions on local insurers in the current renewal season compared to the previous year due to the weakness of the technical results and the unbalanced investment policies of cedants. Reinsurance companies set their policies on contract signed based on the technical results of companies and the nature of the market in the region and its performance.
Source: Al Roeya - UAE