After capital buffers were eroded for insurers in 2023, a renewed focus on reinsurance as a capital management and growth lever has emerged, while broker Aon says that reinsurance capital and third-party capital are expected to be two of the three main capital tools utilised in future.
Aon polls insurers on their use of capital each year and in 2024 has found that reinsurance capital is top of the table, when it comes to capital sources for the sector.
In fact, reinsurance capital is now seen as so important for the insurance sector that some 60% of companies are deemed likely to benefit from additional reinsurance to support future growth, Aon says.
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