To begin, here are a few insights into the demographics of our reinsurance market survey respondents
As you'll see below, the majority of respondents have responsibility for, or provide input to, reinsurance and retrocession buying decisions
First, we asked our respondents whether price increases at the mid-year renewals would accelerate or decelerate, compared with renewals earlier this year?
Next, we asked how challenging respondents felt it will be for protection buyers to fill lower layers of their reinsurance towers across the mid-year renewals?
We then asked whether respondents could envision a scenario where some buyers fail to purchase all of the reinsurance they need?
We asked what strategies companies that struggle to secure adequate reinsurance may adopt to manage through the rest of the year?
Specific to Florida, we asked how long any legislation changes enacted in the special session might take to have a positive impact on reinsurance conditions in the state?
We then asked respondents if their company will buy more or less reinsurance or retrocession at mid-year 2022?
We asked whether companies expect to use more or less ILS or third-party capital in their reinsurance or retro arrangements at mid-year 2022?
Finally, we asked what the main drivers of reinsurance buying would be at mid-year 2022
We hope you've found these insights into the state of the reinsurance market useful.
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