Analysis

‘Calmer waters’ for reinsurance in 2024 signals innovation opportunity

By 2024-08-21T07:00:00

calm waters

However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth

“Calmer waters” resulting from “the gradual softening stage of the reinsurance buying cycle” at mid-year renewals is encouraging primary insurance players to innovate their reinsurance buying approaches following “hard” 2023 conditions.

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