Reinsurance & ILS demand to rise but price is key, finds global market survey
Global reinsurance market survey shows buyers are expected to seek out more capacity, but price will be a key motivator at the January 2019 renewals.
Reinsurance News and Artemis have teamed up to take the temperature of the global reinsurance market at what is a key time for the industry.
The survey results show that overall there could be more demand for reinsurance capacity at the upcoming key January renewal season, but that buyers may be demanding and price will be a key bargaining factor.
"With this survey we wanted to take the temperature of the global reinsurance market at what is a key time for the industry," explained Steve Evans, Owner and Editor-in-Chief of the two publications.
"We've seen dramatic changes in reinsurance market dynamics over the last few years, not least the evolution and expansion of the insurance-linked securities (ILS) market.
"As a result, we wanted to reach out to senior decision makers in the industry with our survey and analyse their responses to see what we can learn in advance of the renewals at the end of this year," Evans continued.
The survey was conducted in August 2018 by direct outreach to senior reinsurance industry contacts and through the global readerships of both Reinsurance News and Artemis.bm.
Hundreds of responses from identifiable participants were received, including numerous from reinsurance market CEO's and other senior decision makers. In total over 62% of the respondents provide input to or are responsible for reinsurance buying decisions.
Highlighted insights from the results of the Reinsurance News and Artemis.bm survey include:
"We hope that market participants find the results enlightening and useful in making their strategic decisions for the renewal season ahead," Evans explained.
"We're making the full results freely available and we're happy to discuss them with any industry participants. We'll also be analysing the full reinsurance market survey results over the coming weeks on both Reinsurance News and Artemis.bm,"
Analyse the results of the global reinsurance market survey here.
About Reinsurance News:
Reinsurance News (www.reinsurancene.ws) is a fast-growing publication devoted to the global reinsurance industry. With more than 62,000 unique readers from over 140 countries in August 2018, Reinsurance News has the largest audience devoted to reinsurance on any medium.
Artemis (www.artemis.bm) is the longest-running publication devoted to the insurance-linked securities (ILS), catastrophe bond and alternative reinsurance capital markets, with more than 50,000 unique readers each month, having originally launched in the late 1990's. Artemis is relied upon by investors, ILS fund managers, reinsurers and insurers to keep their pulse on the evolving risk transfer and reinsurance market, with a particular focus on how efficient capital is creating structural change.
Reinsurance News & Artemis.bm