Demand for natural catastrophe reinsurance to increase by 100% in high growth markets

16 September 2014 — Mihaela CIRCU
The price declines of natural-catastrophe reinsurance are expected to slow in 2015, according to SWISS Re's estimates, the world's second largest reinsurer. Moreover, between 2012 and 2020, the demand for natural catastrophe reinsurance coverage will increase by about 50% in mature markets and by 100% in high growth markets, according to the representatives of the company.

The reinsurance prices dragged on this year, being influenced by the absence of costly disasters and an increasingly high competition determined by new players entering the segment.

These are just some of the conclusions drawn these days during the Monte-Carlo traditional meetings, where reinsurers are meeting with their clients to negotiate terms and conditions of next year's property and casualty contract.

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