Finite reinsurance and reinsurance, so-called convergence products, are the wave of the future in the property-casualty industry, according to a new study.
Stephen Christiansen, research director at Conning Research and Consulting, which put out the report, said p-c insurers have been moving away from individual cause-of-loss coverages to non-traditional products such as capital markets financing solutions and finite reinsurance.
"The size of the convergence segment is relatively small, yet the longer term trends are lining up in favor of these products," Mr. Christiansen said.
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