JLT Re: Sector in danger phase regarding the release of reserves - Monte Carlo -...

HomeNewsCEE StatisticsCIS StatisticsCountry profilesPrint editionsInterviewsEventsUseful linksContactAbout us
 Financial News 
 Press cuttings 
 Monte Carlo 
 Baden Baden 


1 EUR - 7.4623 HRK
1 EUR - 26.793 CZK
1 EUR - 311.47 HUF
1 EUR - 4.2420 PLN
1 EUR - 4.5285 RON
1 EUR - 60.6905 RUB

Monte Carlo

Print E-mail Font | Back | Archive

JLT Re: Sector in danger phase regarding the release of reserves

The re/insurance sector is in a danger phase in which reserves are being released faster than accident year experience would dictate, the situation being similar to the 1998-2000 interval, says JLT in its viewpoint "Enough in Reserve?" released at Monte Carlo.

"Analysis shows that the reserving cycle has reached an inflection point and the pressures are likely to intensify in the current market environment given the historical relationship between falling prices and reserve deficiencies," said JLT Re global CEO Mike REYNOLDS.

"By analysing quarterly calendar year reserve developments since 1998 for the top 30 global (re)insurance companies and comparing them to accident year loss trends, pricing and previous cycles, our research shows that net sector deficiencies are now likely closer to adversely affecting the sector's income statement than any time since the early 2000s", David FLANDRO, Global Head of Analytics, JLT Re, said.

The complete report can be found here.

Share |

Editor: Alexandru CIUNCAN | Published on 13.09.2016

Add a comment

"Comment" and "E-mail" fields are mandatory
If you are not logged in, your name will appear with the (Anonymous) appended. To login, click here

< 10.000 chars.

  Cod de securitate
Enter the security code:

Copyright 2017(c) xprimm.com
powered by Media XPRIMM