survey

Florida’s property insurance-focused special session of the legislature has now drawn to a close with the signing into law of a package of reforms by Governor Ron DeSantis, but for the insurance and reinsurance market uncertainty is set to persist as it will take time for the broad effects of the new legislation to be […]

One of the most telling and timely findings of our latest global reinsurance market survey is related to a topic we’ve been covering regularly of late, the special session of the Florida legislature and its proposed property insurance market reforms.

We’ve just published the results of our latest global reinsurance market survey, in which we polled market participants on the state of the market as the key mid-year renewal season fast-approaches.

Reducing or controlling exposure to catastrophe risks is seen as the most important driver of reinsurance buying decisions for the January 2022 renewal season, according to hundreds of respondents to our recent market survey.

Global reinsurance market participants are anticipating broad firming at the upcoming January 2022 renewal season, with retrocession and property catastrophe risks seen as areas in need of price improvements.

The results of our latest global reinsurance market survey, in collaboration with Reinsurance News, suggest that the use of insurance-linked securities (ILS) capacity is likely to rise again at the January 1st, 2022 renewals.

The non-life insurance and reinsurance industry is deemed most likely to face between $80 billion and $100 billion of underwriting losses due to the Covid-19 coronavirus pandemic, according to the respondents to our latest market survey.

Insurance-linked securities (ILS) and capital markets backed sources of insurance or reinsurance capacity should play a role in any government or industry supported pandemic risk pooling facility or backstop, respondents to our latest survey said.

Retrocessional contracts are seen as likely more exposed to any claims that find their way through from the Covid-19 coronavirus pandemic, according to the respondents to our recent market survey.

The results are now in from our market survey that we launched recently alongside sister publication Reinsurance News asking the insurance, reinsurance and insurance-linked securities (ILS) industry for its opinion on the market implications of the Covid-19 coronavirus pandemic.