MONTE CARLO, Monaco, Sept. 12, 2016 /PRNewswire/ -- Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has released the September 2016 edition of its Reinsurance Market Outlook report, which provides a comprehensive analysis of the key variables affecting reinsurance buyers in the approach to the January 1 reinsurance renewals.
The report reveals that reinsurance demand has increased over the past 18 months, with the cession ratio across the global property and casualty insurance industry registering a small rise for the first time in several years, and the trend expected to continue for the remainder of 2016.
Eric Andersen, CEO of Aon Benfield, said: "The catalysts for this increased demand for property and casualty reinsurance include factors such as the emergence of poor underwriting results in certain casualty classes, out-sized losses from regional exposures, and the introduction of the Solvency II regulatory regime across the European Union."
Meanwhile, the report highlights four key emerging areas of growth for the re/insurance industry:
The report further reveals that the low interest rate environment that has persisted in the developed world since the 2007 financial crisis has had a pervasive effect on traditional re/insurance carriers that are mainly invested in cash and bonds, and has significantly influenced market behaviour.
The full report can be found at http://aon.io/2c687qL
SOURCE Aon plc
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