A new study questions whether current underwriting practices could one day create a financial debacle for reinsurers.
The report, titled “Beyond Borders: Charting the Changing Global Reinsurance Landscape” and commissioned by the Insurance Intellectual Capital Initiative—a consortium of organizations associated with the Lloyd's insurance market—wraps up a three-year study of the changes taking place and the issues currently facing reinsurers and insurers.
It presents itself as “a call to arms, exhorting cedents, reinsurers and brokers to re-evaluate their trading practices and more clearly define their sources of competitive advantage.”
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