Reinsurance Solutions Kenya’s Post

This report provides in-depth analysis of the capital and profitability of the reinsurance industry!

Choosing a solution that supports compliance with regulatory changes enables you to demonstrate adherence to both local and international standards, thereby enhancing your credibility.

Navigating the complexities of compliance in the reinsurance industry? Synergy2 helps streamline processes and improve operational control. Enhance efficiency, reduce risks, and align with industry standards. Learn more: https://lnkd.in/e6t5xJsA #ReinsuranceCompliance #ReinsuranceSoftware #RiskManagement #OperationalEfficiency #ProcessOptimisation #IndustryStandards #ReinsuranceSolutions #InsurTech #Eurobase #Synergy2

This morning we published the H1 2024 Reinsurance Market Report. Want to understand the current state of the reinsurance market? Click the link below. Let me know if you like to discuss.

GallagherRe's 2024 Reinsurance Market Report provides interesting insight on reinsurance capacity and reinsurer profitability - all of which directly influences capacity and pricing in the insurance market.

The Gallagher Re Reinsurance Market Report for H1 2024 points to a robust reinsurance market, characterized by: Strong profitability: The industry is experiencing robust underwriting profitability, with a record-low reported combined ratio of 84.5% and an improved underlying combined ratio of 93.6%. The underlying ROE significantly improved to 15.5%, well above the industry's cost of capital. Capital growth: Global reinsurance dedicated capital reached USD 766 billion, a 5.4% increase from the restated full-year 2023 base. The growth was primarily driven by INDEX companies and non-life alternative capital. Resilience: The industry's strong underlying ROE and ample capital buffers position it well to absorb potential headwinds, such as an active hurricane season or fluctuating interest rates. Record low combined ratio: The reported combined ratio of 84.5% is the lowest since the report began in 2014, driven by lower attritional loss ratios, reduced natural catastrophe losses, and increased investment income. Improved underlying ROE: The underlying ROE of 15.5% is driven by improved underwriting margins and higher running investment income, positioning the industry to navigate potential earnings volatility and create substantial shareholder value. Growth in dedicated capital: The substantial growth in global reinsurance dedicated capital, reaching USD 766 billion, is primarily fueled by INDEX companies and non-life alternative capital. Strong performance of INDEX companies: The INDEX companies, representing over 80% of the industry's capital, saw a 5.6% increase in capital, driven by strong net income and higher investment yields. Reduced natural catastrophe losses: The report highlights a lower charge for natural catastrophe losses, contributing to the improved combined ratios. Increased investment income: Higher investment yields, driven by rising interest rates, have boosted the industry's investment income and contributed to the improved profitability. Positive outlook: The report suggests that the reinsurance industry is well-equipped to withstand future challenges and deliver sustained growth, thanks to its strong capital position, robust profitability, and resilient earnings. Natalie van de Coolwijk

You need to know all the facts when it comes to running your business. This includes claims data, loss ratios, sales intelligence, and information on your reinsurance position. #EFGWalkTheWalk #WhyEFG #Reinsurance https://bit.ly/3kGyF9x

The consensus-driven approach that shapes pricing in large-scale reinsurance deals. Explore the critical balance between experience rating and exposure rating in under 90 seconds. #Reinsurance #InsuranceIndustry #FinanceExperts

When was the last time you took a close look at the reinsurance arrangements in place for your business?   Are your treaties still fit for purpose? And more importantly, are they providing value for money?   Whether it be your full suite of treaties, or a particular block of business, we can review your existing reinsurance structure and provide a clear overview report showing the value of your current arrangements.    We produce tailored proposals for the next steps you could take with your existing treaties and support the implementation of these propositions.   Contact us to find out more enquiries@zenithactuarial.com.  https://lnkd.in/edjs6ixY   #ZenithActuarial #Reinsurance #RiskManagement #FinancialResilience #InsuranceIndustry

Charting the course of reinsurance growth in Cayman! Explore the trends and insights with Cayman Focus 2024 by Captive International. Read now: https://ow.ly/nWCz50QmXF5 #Reinsurance #CaymanFocus #captive #captiveinsurance