Although some stakeholders are cautiously optimistic about the future of the reinsurance industry worldwide, others are expecting nothing more exciting than stability and weak growth. In a complex, volatile market, can one afford to be bullish about the industry’s prospects?
Swiss Re is certainly optimistic – during the first half of the year, the company grew its reinsurance volumes by 9% to $14.4bn, and it says that premium growth looks likely next year. Hannover Re anticipates stability in prices and conditions overall for the treaty renewals as at 1 January. However, S&P Global Ratings has suggested that reinsurers may struggle to cover the cost of their capital in 2019 as rates are expected to rise by less than 5%.
Where do the threats and opportunities lie for reinsurers in 2019? Find out more in the November issue of RISKAFRICA magazine, out soon!
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