European reinsurers meet demands for quality
Saturday, 01 13 2018, Category: Islamic Insurance, Country: Europe
Europe’s big four reinsurance players are in a good starting position for the 2018 renewals and Deutsche Bank analysts expect the reinsurers to benefit from a flight to quality during renewals, as clients rethink their reinsurance programmes.
In spite of the prolonged softened reinsurance marketplace and the huge level of catastrophe losses experienced in the second-half of 2017, Deutsche Bank analysts remain believers in the reinsurance pricing cycle.
In a recent European insurance industry market research note, analysts said that the roughly $100 billion of insured losses will have an impact on pricing, estimating that between 7%-15% of the traditional reinsurance equity base has been eroded.