Insurance, reinsurance sectors brace for changes in 2021
Posted On: Dec. 22, 2020 9:18 AM CSTAnalysts at U.K.-based consultancy firm Ernst & Young Global Ltd. said that the British regulators’ pricing review, climate-related strategies, and COVID-19 pandemic will reshape the insurance and reinsurance sectors in 2021, Reinsurance News reported. Rodney Bonnard, head of insurance in the U.K. at Ernst & Young, said that the pricing review will push many insurers to overhaul their pricing and business models, and could also trigger mergers and acquisitions.