04-Apr-2019 12:34 PM
Willis Re 1st View April 2019: Rational Markets
Direct News Source
Key findings:
Issued three times a year, this publication delivers the very first view on current market conditions within the reinsurance industry, covering the changes in pricing levels and conditions experienced by Willis Re brokers and product experts.
- Virtually all reinsurers have posted improved combined loss ratios for 2018 as compared to 2017 - though for many the return to profitability has been marginal.
- Reinsurers have adopted a rational rating approach at the April 1, 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programs.
- These rate increases were balanced by flat renewals for loss-free classes and programs.
- Continued high levels of market capitalization both from traditional reinsurers and insurance-linked securities markets were the key to reinsurers' rational pricing responses.
Download Files
There are files associated with this article. You can download them below.
You need to be logged in to download files.
This press release was sourced from Willis Re on 01-Apr-2019.