News Asia28 Apr 2014

Singapore:Improvement needed in reinsurance contract certainty

28 Apr 2014

Singapore reinsureds are reporting significantly higher levels of contract certainty, 88.5 percent for treaty and 76.8 percent for facultative in January 2014. But "material improvement in performance" is needed, as the market aggregate contract certainty score was 68.5 percent for January and was at its highest at 70.5 percent last November, according to the Contract Certainty Working Group in its latest market briefing.

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