Rates need to reflect changing risk perception, suggests industry executives

by | November 8, 2017 12:12 am

The pricing of catastrophe risks in the insurance and reinsurance sector needs to reflect the increased severity and frequency of events, and the extremely costly third-quarter could lead to a change in risk perception, according to industry executives. Historically, the occurrence of significant price increases across the reinsurance market happens at the same time as…

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