Global Reinsurers Brace for Mixed Reinsurance Pricing Outlook in 2025
More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation
Reinsurance Pricing Index reviews on Beinsure media tracks trends and changes in reinsurance pricing. It offers a detailed analysis of how reinsurance premiums are evolving across different markets. This index reflects pricing adjustments driven by various factors, such as market demand, risk levels, and economic conditions. It provides valuable insights for insurers and reinsurers to make informed decisions about pricing strategies and risk management.
The index highlights shifts in pricing patterns, helping industry professionals understand current market dynamics and forecast future trends. This category serves as a crucial tool for assessing the cost of reinsurance and strategizing accordingly.
More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation
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
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
Florida’s reinsurance market, after three years of significant rate hikes, saw a pause in 2024. Reinsurers viewed the outcome positively
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024
Ahead of the January 2024 reinsurance renewals, reinsurers’ overall appetite for US regional property catastrophe coverage remains healthy
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former, albeit with strengthening
The April 1 reinsurance renewal season has seen a continuation of the discipline shown by reinsurers at January 1 but with a greater determination that pricing
Bermuda reinsurers expected improved underwriting performance in 2024 will be driven by accelerating premium rates with a market reset in pricing
The global reinsurance industry reached a tipping point during the 2024 renewals as their bargaining power vis-à-vis their cedents moved substantially in reinsurers’ favour