The day after tomorrow: Challenging prospects for reinsurers
PwC recently published 'Emerging from the storm: The day after tomorrow for insurance' the latest in its 'day after tomorrow' perspective series. It examines how the lasting impact of the financial crisis is set to reshape the insurance and reinsurance industry over the next three to five years.
Views on the future of reinsurance fell into two polarised camps. One school of thought believes that reinsurance demand will revert to pre-crisis levels and may even increase as primary insurers in the markets most affected by the crisis seek to transfer more risk. the other view predicts a far rockier ride.