Reinsurance renewals: Forthcoming January 2014 renewal in Asia: Gazing into the crystal ball
Source: Asia Insurance Review | Nov 2013
Several challenges face the reinsurance sector as it prepares for the year-end renewal. Mr Richard Lim at Pana Harrison (Asia) Pte Ltd notes that exposures are increasing disproportionately to premium growth, primary rates in most of Asia are deteriorating and recurring catastrophe events are a big concern for all. However, he also believes that one need not be too concerned about the excess capacity in the market, as he believes this is mostly hype.
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