Global reinsurance market survey – mid-year renewals 2022

The survey, undertaken in collaboration with our insurance-linked securities (ILS) focused sister-site, Artemis, includes responses from hundreds of identifiable market participants, of which 70% make or provide input into reinsurance buying decisions.

The data reveals that more than 65% of respondents anticipate an acceleration of reinsurance price rises at the mid-year renewals when compared with the January 1st, 2022, renewals.

However, just shy of 60% feel it will be very challenging for buyers to fill their reinsurance towers at the mid-year renewals, while 33% expect it to be slightly challenging.

View the full Global Reinsurance Market Survey Results from mid-year 2022.

Global reinsurance market survey – H2 2021

Data from the 2021 edition of the global reinsurance market survey is based on responses from hundreds of identifiable market participants, of which more than 70% make or provide input into reinsurance buying decisions.

The survey shows that market participants are anticipating the most dramatic rate increases within loss-affected lines of business, notably U.S. and European property cat risks.

Outside of the property cat arena, more than 50% of survey respondents are expecting rates in the cyber market to increase by at least 10% at the upcoming renewals.

View the full H2 2021 Global Reinsurance Market Survey Results.

COVID-19 reinsurance market survey update – June 2020

The results of our COVID-19 Market Survey update are based on responses from hundreds of market participants, of which over 58% have responsibility for, or provide input to, reinsurance and retrocession buying decisions.

While 25.9% of these respondents were hopeful that the full impact of the pandemic could be understood in less than two years, 60.4% agreed that it could take up to five years.

There was broad consensus in other areas too, as the majority of survey answers indicated that re/insurers are more concerned about the affect of COVID-19 on the underwriting side of their business, rather than on the investment side.

View the full COVID-19 Global Reinsurance Market Survey Results from June 2020.

COVID-19 reinsurance market survey – March 2020

The results of the COVID-19 Market Survey are based on responses from hundreds of market participants, of which more than half have responsibility for, or provide input to, reinsurance and retrocession buying decisions.

And while the ultimate impact of the pandemic remains uncertain, there were some clear points of consensus among respondents.

For example, nearly 85% of those who answered the survey said that they expect COVID-19 to drive more reinsurance firming.

View the full COVID-19 Global Reinsurance Market Survey Results from March 2020.

Global reinsurance market survey – H2 2019

This survey was conducted in the third-quarter of 2019 by direct outreach to senior reinsurance industry contacts and through the global readerships of both Reinsurance News and Artemis, with hundreds of responses received from reinsurance market CEO’s and other senior decision makers.

In total over 72% of the respondents provide input to, or are responsible for making, reinsurance buying decisions.

The full results of the global reinsurance market survey provide a useful test of the temperature of the industry at this key time of year, offering insight on sentiment and expectations as we moved towards the January 2020 reinsurance renewals.

View the full H2 2019 Global Reinsurance Market Survey Results.

Global reinsurance market survey – H2 2018

We polled our readership in the second-half of 2018 to find out their forecasts for the approaching reinsurance renewals at the end of the year.

Over 62% of the respondents provide input to or are responsible for reinsurance buying decisions and results suggest that market conditions may remain challenging for some.

Responses suggested that pricing was expected to be relatively flat across most lines of reinsurance business.

But there was an expectation for some significant rate increases in U.S property catastrophe risks following the losses of 2017, retrocessional areas of protection, as well as certain under-performing or emerging lines of business.

Regardless of the reasons, a large majority of respondents planned to purchase a similar level of reinsurance protection or a little more at the January 2019 renewals, suggesting a slight uptick in demand.

View the full H2 2018 Global Reinsurance Market Survey Results.