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Focus: Standing firm on rate is essential to the long-term sustainability of the market

Insurance Day

Focus: Standing firm on rate is essential to the long-term sustainability of the market

Ahead of the forthcoming January 1 renewals, some industry voices have suggested pricing momentum is slowing, with rate adequacy considered to be sufficient. However, the health of the global reinsurance sector still relies on an improved financial performance. At the very least, reinsurers must be looking to secure the improved terms and higher prices gained so far, but further adjustments are likely to be needed to address the challenging market and the range of factors that look set to affect returns and profitability.

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