Forces such as emerging applications of technology, expanding data, reinsurance focussed start-ups and capital markets are driving change in the reinsurance sector more strongly than in the past. For the first time, reinsurers are faced with an urgent need to reverse declining profitability and adapt to a powerful convergence of these forces of change.
Deloitte’s report—This time is different: Six trends that will determine the future of global non-life reinsurance identifies trends that will most likely shape the future of global non-life reinsurance over the next five to ten years. The report analyses the impacts of these trends and the barriers that will impede them.
The six trends are:
Pivoting to risk transfer plus service model |
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Hollowing out of the middle-market |
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Ongoing influx of alternative capital |
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Blurring of the value chain’s boundaries |
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Rise of automated placement |
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Rise of exchange-based secondary markets |
The report also examines the opportunities and threats for reinsurers across four future scenarios, focussing on where disruption will most likely happen.
Read the full report to learn how we can assist you in adapting to these disruptions faster.