Evolving market forces reinsurers to rethink business models: Analysts

Analysts at U.S.-based investment firm AllianceBernstein L.P. said that the continued inflow of alternative capital in the global reinsurance market and evolving market is forcing reinsurers to rethink business models, reported Artemis.bm.

Market conditions, along with "better data and analytics at brokers and primary companies are eroding part of the value proposition that reinsurers offered cedents," Bernstein said.

The changing risk landscape has created a need for reinsurers to be more than just providers of capacity.

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