Challenges facing the reinsurance industry
Source: Asia Insurance Review | Apr 2013
Low interest rates, increased regulatory oversight and excess capacity are challenges facing the reinsurance industry in Australia and Asia. Mr Pietro Toffanello from General Reinsurance Australia is however still positive and optimistic about its prospects following increased awareness of insurance in the primary markets as well as a growing middle-class in the region, all of which will ultimately mean an increased demand for reinsurance.
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