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Article: Wider coverage choice boosts flexibility of programs; Capital markets help drive innovation in reinsurance sector.
- Article from:
- Business Insurance
- Article date:
- October 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: STUART COLLINS
Improvements in risk analysis have led to the development of more bespoke, or custom-made, reinsurance programs for large insurers that include a wider choice of traditional and nontraditional reinsurance.
While capital market-backed reinsurance amounts to a relatively small proportion of the market, it has an important role to play, experts say.
Improvements in risk assessment and management are changing the types of reinsurance that insurers are purchasing, said Raj Ahuja, partner in London at actuary EMB Consulting Consultancy L.L.P.
More products are being offered by traditional reinsurers, capital-market ...