Rating Agencies: Doom & Gloom for Global Reinsurers?
Uncertain markets, slow economic improvements and changing regulations cloud recovery efforts, making underwriting discipline, pricing a key strategy.
According to a report issued by Standard & Poor’s Rating Services, life reinsurers in particular will face numerous challenges that may erode the health they’ve enjoyed. The report, "The Sluggish Economic Recovery and Emerging Regulatory Changes Are Reshaping The Life Reinsurance Landscape," maintains that a slow economy is forcing life reinsurers to deploy limited capital resources cautiously.
