Market environment pushes reinsurers to innovate
Wednesday, 01 18 2017, Category: Insurance and Reinsurance, Country: World
The soft reinsurance market environment, that remained favourable to buyers at the January 1st 2017 renewal season, has encouraged reinsurers to innovate structures and products from both the traditional and alternative space, says reinsurance broker JLT Re.
In the ongoing soft reinsurance marketplace reinsurers continue the race to position their firms for long-term survival. And while traditional areas of risk have been relatively stagnant, reinsurance brokerage JLT Re says improved analytics and modelling have enabled reinsurers to innovate, and take on a broader set of risks.