Reinsurance Renewals - Partners in profits
Source: Asia Insurance Review | Nov 2012
The Asian way of doing business based on long-term relationships is well known and is lauded in many places where mutual trust and respect is accorded more importance than short-term financial gains. Likewise, in reinsurance, relationships between insurers, brokers and reinsurers are strong but as the marketplace changes, the concept of relationship has evolved too. Eleven reinsurance leaders look at the current status of relationships in the region in a roundtable organised by Asia Insurance Review, applauding its warm spirit but yet stressing that a balance is still needed between relationships and getting the necessary returns on capital.
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