Reinsurers have been raising their rates, seeking higher attachment points, pulling back from aggregate cover, and offering stricter terms in conditions. This in turn has led to insurers retaining their risk, raising rates to cover reinsurance costs, or both.
This brief covers current reinsurance market challenges, provides a brief overview of the reinsurance market, and how insurers can address their reinsurance challenges. It is based on ongoing dialogs Datos Insights has with reinsurers and publicly available news covering reinsurance.
Clients of Datos Insightsโ Life, Annuities, & Benefits and Property & Casualty services can download this brief.
This brief mentions AM Best, AXA XL, Berkshire Hathaway, Dorinco Reinsurance, EMC Reinsurance, Hamilton Re, Hannover Re, Munich Re, Odyssey Re, Open AI, Pacific LifeCorp, SCOR, Shelter Reinsurance, Sompo International, Swiss Re, Toa Reinsurance, and Wilton Re.
About the Author
Mitch Wein
Mitch Wein is an Executive Principal in the Insurance Practice at Datos Insights. He has expertise in international IT leadership and transformation as well as technology strategyย for banking, insurance (life, annuities, personal, commercial, specialty), and wealth management. Prior to joining Datos Insights, Mitch served in senior technology management positions at numerous financial institutions.ย At Bankers Trust (now Deutsche Bank), he automated...
Other Authors
Steven Kaye
Steven Kaye is Head of Knowledge Management at Datos Insights, and lead editor of the firmโsย Business and Technology Trends in Insuranceย series. He has managedย a wide range of research projects since joining the firm in 2008. Previously, Steven worked for Accenture as an insurance researcher focused on the U.S. life and property/casualty markets. He also served in both knowledge management...