Main task away is (1) acquisitions of marginalized reinsurance market participants are expected to persist and (2) Continued innovation and use of data.
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from Mother Nature and broadly maintain financial strength. Favorable investment performance allowed reinsurers in aggregate to still expand shareholders’ equity for the year despite elevated underwriting losses. Nevertheless, reinsurers continue to face competitive market conditions that are serving to dampen price increases in 2018, as well as challenges in spurring demand from cedents that have gained risk management sophistication over time.
https://www.insurancejournal.com/news/national/2018/06/27/493234.htm
