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The reinsurance market and insurance-linked securities (ILS) capital providers, have long-needed to put a floor under rates, to ensure they are covering their outgoings over the longer-term.
There is perhaps more reason than ever before for reinsurance capital providers to ensure their discipline on pricing remains and these factors driving discipline seem unlikely to wane, at this time.
Discipline is much-needed in reinsurance, but so too is an ability to gain an edge over competitors.