November 1, 2024
Strategies for hard markets – Asia
Hard markets typically mean higher revenues and can sometimes forge leading careers in reinsurance broking. Higher bars for performance, can also raise the stakes.
Reinsurance
As the reinsurance industry reshapes, leading reinsurers are defying margin pressure to evolve their business models and strengthen their offer
Major reinsurers (like major brokers) operate globally and across life, health and property & casualty lines. Reinsurers are the global risk specialists of the insurance industry.
Beyond the minimum requirements for scale and scope; customer focus, specialization and innovation continue to drive long-term outperformance. Companies need to balance the investment required to drive value-add and differentiation against the reality of margin and cost pressures.
NMG Consulting helps reinsurers sharpen that differentiation with market insights and advice on participation strategy, business structures and transformation.
Our reinsurance Studies are recognised by the industry as definitive benchmarks of client performance and shared as evidence of competitive positioning with clients, prospects, boards, rating agencies and investors.
Our interactive engagement platform underpins the Study process, from data acquisition through to results sharing.
For more information on how NMG can boost the performance of your reinsurance operation, contact one of our partners or consultants below.
Related Knowledge
April 8, 2024
Peaked or a pause?
Having lifted by >50% since 2017, the increases in reinsurance rates at Property CAT during 2024 renewals have slowed. Reinsurance buyers are divided as to what comes next, although <10% expect rates to decline at their next renewal.