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Competitive pressure in reinsurance sector will likely increase: EIOPA

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The European Insurance and Occupational Pensions Authority has said in a report that the competitive pressure in the reinsurance sector will likely "increase further" as the global reinsurance market remains pressured due to overcapacity, reported Artemis.bm.

EIOPA warned that overcapacity remains a threat to reinsurance sector profitability.

Insurance technology is an area where additional competitive pressure is set to emerge, said EIOPA

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