Stewart Brown’s Post

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Managing Director at Commercial Risk

Reinsurance prices are expected to continue to rise across all lines in 2024, reflecting ongoing claims inflation, particularly in property lines, and somewhat more limited reinsurance capacity, according to Moody’s. Its annual survey of 42 global property and casualty reinsurance buyers revealed that most respondents do not intend to purchase more reinsurance protection in 2024, suggesting that primary insurers will absorb a greater share of future losses, said Moody’s. For this and other #reinsurance news see 👉https://ow.ly/9paK50PHSfW #reinsurancenews #reinsurancerises Moody's Analytics

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Christian Harris

Founder @ Slip Safety Services | Author: Prevent Slip Accidents with Slipology 📖 | Host: Safety And Risk Success Podcast 🎧 | Host: Safety Roundtable 💻

11mo

This is an interesting update, thanks for sharing! It's not surprising to hear that reinsurance prices are expected to rise, especially in the property lines. It's also interesting that most respondents in Moody's survey don't plan to purchase more reinsurance protection in 2024. I wonder how primary insurers will adapt to absorb a greater share of future losses? Are there any specific strategies they might employ?

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