Reinsurance in the New Capital World

2006 saw a significant relaxation in the statutory valuation requirements for life insurers and reinsurers writing non-profit protection business in the UK. This coincided with the enactment here of the EU Reinsurance Directive. Many commentators expected these developments would significantly alter insurers’ appetite for reinsurance and also the structure of the reinsurance arrangements used. In the following article we examine why things haven’t quite turned out that way and offer our own interpretation of how insurer–reinsurer relationships may pan out in future. (From the September 2007 issue of Hannover Life Re's In Focus publication.

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