Carlos Wong-Fupuy (pictured above), senior director at AM Best, discussed the findings of a recent report, noting that despite global challenges in benchmarking due to the adoption of IFRS 17, the reinsurance segment continues to expand. Returns on equities in the sector are also expected to remain well above the cost of capital.
When asked about a key theme from last year’s conference, Wong-Fupuy highlighted the increased market discipline among global reinsurers, particularly in property pricing for the primary market.
