Reinsurers Will Increase in U.S. Casualty Premium Rates in 2025
Reinsurers will push for double-digit increases in U.S. casualty premium rates when policies come up for renewal in January 2025 to keep up with higher loss costs
Reinsurance Market
Reinsurance market occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit their own total loss in case of disaster. By spreading risk, an insurance company takes on clients whose coverage would be too great of a burden for the single insurance company to handle alone.
The market size, measured by revenue, of the Reinsurance Carriers industry is $118.4bn.
Reinsurance can be divided into two basic categories: treaty and facultative. Types of reinsurance include facultative, proportional, and non-proportional.
Several common reasons for reinsurance include: 1) expanding the insurance company’s capacity; 2) stabilizing underwriting results; 3) financing; 4) providing catastrophe protection; 5) withdrawing from a line or class of business; 6) spreading risk; and 7) acquiring expertise.
In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Market.
Global Brokers Called on Re/Insurance Industry to Support Ukraine’s Resilience
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability
Reinsurance Market Outlook for 2025: De-risking, Pricing & New Conditions
The positive reinsurance market outlook comes from de-risking as much as pricing with changes in terms and conditions, rising attachment points and tightening of wording
ILS Market & Alternative Reinsurance Capital: Poised for Continued Growth
ILS market remains a significant capital source for reinsurers in 2024. Alternative capital estemated at $110 bn, with the catastrophe bond market growing to $45 bn
2024 Global Reinsurer Traditional Capital: Capacity at Peak Levels
In 2024, global reinsurer capital, including both alternative and traditional sources, has reached peak levels. Reinsurer capital stood at $695 bn as of mid-2024, marking a $25 bn increase
Reinsurance Industry at a Crossroads: New Risks & Opportunities in 2024
While the reinsurance industry faces challenges, such as geopolitical and economic uncertainty, its biggest threat is losing relevance. 2024 has been another year of volatility
Rising Demand for Property Re/Insurance Amid Increasing Risks & Costs
Higher property values, urbanization, and increased repair costs are likely to drive demand for property re/insurance, particularly in regions facing heightened natural catastrophe
H1 2024 Global Reinsurance Market Highlights: Reinsurer Revenue & Capital Growth
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
2024 Reinsurance Renewals Come Amid Growing Reinsurer Appetite
The mid-year reinsurance renewals occurred against a continued increase in reinsurer appetite as overall reinsurance capacity grew
Global Reinsurance Capital: New Peak Reached in 2024
Aon estimates that global reinsurer capital rose by $25 bn to a new high of $695 bn over the three months to March 31, 2024
Top Tips for 2024 Reinsurance Market Renewals
Mid-year reinsurance renewals have further consolidated the positive trends at 1/1 and 4/1, setting the stage for a more competitive reinsurance market in 2025
Florida’s Reinsurance Market Saw a Pause in 2024
Florida’s reinsurance market, after three years of significant rate hikes, saw a pause in 2024. Reinsurers viewed the outcome positively
Primary & Secondary ILS Market Quarterly Review
Insurance-Linked Securities Overview. Insurers and reinsurers leveraged alternative capital in 2023 more than any year in the history of the (re)insurance market
Reinsurance Renewals at April 2024 by Regions: Capacity & Trends
Reinsurance renewals conditions since 1/1 have continued to move in favor of reinsurance buyers. At the start of last year, property catastrophe capacity was constrained
Global Reinsurance Capital & Catastrophe Bond Market Dynamics
Global Reinsurance market conditions since 1/1 have continued to move in favor of reinsurance buyers. Reinsurance renewals at April 1 consolidated the progress made at 1/1
Global Reinsurance Market Report: Reinsurers’ Capital & Profitability
Global reinsurance groups reported a significant improvement in underwriting profitability and ROEs in 2023
Underwriting Margins for Reinsurers Will Reach Peak in 2024
The underwriting margins for reinsurers are anticipated to reach their peak in 2024, driven by significant price increases and stricter terms and conditions
Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war
2024 Global Reinsurance Rate for Property Catastrophe Forecasts
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024
Reinsurance Rates Will Continue to Rise in 2024 Year
Global reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts
2024 Reinsurance Renewals: Reinsurers Increasing Appetite for Catastrophe Coverage
Ahead of the January 2024 reinsurance renewals, reinsurers’ overall appetite for US regional property catastrophe coverage remains healthy
Fitch Ratings Revised Global Reinsurance Sector Forecasts for 2024
Fitch revised global reinsurance sector outlook to ‘improving’ from ‘neutral’ to reflect the sector’s strengthening performance into 2024
Global Reinsurers Underwriting & Investments Review
Global reinsurance groups are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years
3 Ways How Re/Insurers Can Accelerate Net Zero & Decarbonization
The emerging impacts of climate change are increasingly felt across the re/insurance industry, with much uncertainty ahead. But the industry now has a chance to transform
Reinsurance Rates for U.S. & Florida NatCat Policies: Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard