Abundant capital driving nat cat resilience
Saturday, 10 06 2018, Category: Insurance and Reinsurance, Country: World
Despite huge insured losses in 2017 an ongoing abundance of capital means the industry’s capacity to meet and operate profitably in the face of natural catastrophe is not only stable, but growing, according to Rohan Dixon, Executive Vice-President and Chief Broking Officer at Aon, Canada.
In its latest market report, Aon states that the Canadian insurance marketplace is becoming increasingly globalised as this sustained abundance of insurer capital leads to competitive programs and innovation.
As a result, underwriters are increasingly turning to data and analytics to identify and develop new solutions to bridge this capital with new and emerging risks.