Infectious disease, silent cyber risks influence reinsurance renewals

According to Japanese reinsurer The Toa Reinsurance Co. Ltd., reinsurance renewals in 2021 mainly focused on silent cyber risks as well as risk of infectious diseases driven by the COVID-19 pandemic, Asia Insurance Review reported. The reinsurer’s nonlife planning department said that reinsurer positions varied based on the characteristics of each business line, the insurance product and related conditions to be covered, and the reinsurance structure.