Global reinsurance market survey results
Reinsurance News teamed up with our sister insurance-linked securities (ILS) focused publication Artemis to take the temperature of the global reinsurance market with our first market survey.
The survey received hundreds of responses all from identifiable market participants, as we felt it was vital to ensure respondents were real people and so opted against an anonymous poll.
The survey results suggest that reinsurance and ILS demand are expected to rise but buyers may be demanding and price will be a key bargaining factor at the key January 2019 renewal season.
The majority of survey respondents expect that buyers will seek out more capacity, but ongoing growth of ILS capital is also expected and as a result market conditions are likely to remain challenging for some.
Generally, pricing is expected to be relatively flat across most lines of reinsurance business at January 2019.
This 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, with numerous responses received 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.
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 move towards the January 2019 reinsurance renewals.
We’ve made the full results of this global reinsurance market survey freely available to our readers and we’re happy to discuss the results with industry participants and to discuss sponsorship enquiries from those looking to raise their profile in the reinsurance sector. Contact us here.