General Insurance Article - January 2019 Reinsurance Market Outlook report issued by Aon


Aon's Reinsurance Solutions business has published the January 2019 edition of the Reinsurance Market Outlook: Value Proposition to Buyers Remains High Despite Interesting Market Dynamics, which provides a comprehensive assessment of the key market variables that will affect reinsurance buyers in future 2019 renewals.

 The report finds that reinsurance buyers continue to secure protection at accretive cost of capital terms despite a reduction in global reinsurer capital through 9M 2018. Global reinsurance capital overall fell 2 percent since year end 2017 from USD605 billion to USD595 billion.

 Traditional capital saw a decrease of 4 percent in part driven by rising interest rates and the strengthening US dollar, while total alternative capital rose 11 percent to USD99 billion—an increase of USD10 billion since the prior year end.

 Reinsurance demand showed slight increases in traditional products and lines driven by regulatory requirements, continued attractive market dynamics for buying, and recent losses in non-peak territories that have advocated for more robust coverage for these perils; however even with this increase, supply continues to outstrip demand.

 Insured catastrophe losses over the past two years aggregate to approximately USD 230 billion. While 2017 created a new peak at approximately USD147 billion, 2018 losses alone are currently estimated at USD85 billion, 47 percent higher than the 2000-2017 average of USD56 billion.

 The report also highlights the latest in rating agency and regulatory updates including S&P’s recent criteria proposals, Moody’s incorporation of cyber exposure, and A.M. Best’s building block assessments.

 Read the full report Reinsurance Market Outlook: Value Proposition to Buyers Remains High Despite Interesting Market Dynamics
  

Back to Index


Similar News to this Story

Sleighing the risks by giving Santa the insurance he needs
While you might be the most magical employer in the world, we know that even you aren’t immune to the risks of running a global delivery service! From
Diversity improving in insurance and long term savings
Key figures from the Association of British Insurers’ latest Diversity, Equity and Inclusion (DEI) data collection highlight the work of insurers and
Almost a third of homeowners have been victims of burglaries
Research commissioned by Co-op Insurance reveals that almost one in three (29%) homeowners have been the victims of theft from their home. The member-

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.