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Evolution needed in reinsurance, property/casualty sectors, say analysts

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Industry analysts at a recent conference held by the Casualty Actuarial Society said an evolution is needed in the entire property/casualty insurance sector and the reinsurance sector, reports

One of the main reasons for this is that the traditional way of doing business will be affected because of new capital models.

The conference discussed, among other things, alternative reinsurance capital inflows into a sector that is already well-capitalized, reported.

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