CURRENT CHALLENGES ON THE INTERNATIONAL REINSURANCE MARKET

Iulia Brici,Alexandra Ioana Daniela Rus

doi:10.17818/diem/2021/1.4

Abstract

The aim of this paper is to present the analysis of the international reinsurance market. After we have made a literature review, we highlighted a brief history of it and then a brief analysis of the main actors operating in the international reinsurance market. Following this analysis, a top of reinsurance companies was made, then a classification and also the current challenges faced by the global reinsurance market, the Covid-19 crisis, were presented. We have studied the impact of the coronavirus pandemic on the companies mentioned before as being part of the top ranking. The results of the study showed that the crisis had a major impact, destabilizing the reinsurance market. Keywords: reinsurance, international market, pandemic

Highlights

Nowadays, in the time that we are living, all of us try to protect ourselves from the risks that are looking for us after the corner
We have studied the impact of the coronavirus pandemic on the companies mentioned before as being part of the top ranking
Even if the growth rate has been grew slight in 2018, the function conditions for the global reinsurance have remained difficult in time (European Commission 2020)

Summary

Introduction

In the time that we are living, all of us try to protect ourselves from the risks that are looking for us after the corner. We are trying to be more secured, to live in safety and that’s why we have to take all the precaution measures and, most important, stay healthy. Us, the human being, are trying to do this, the companies takes their precaution measures in order to be insured. The human being, are making insurance policy in order to protect the risks that can occur to us, the companies take out insurance in order to protect their business. Even if we are human beings or we have a company, we try to protect our interests for the risks than can happen to insurance companies. Here enters on the scene the most important actors, namely ‘reinsurance companies’

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Conclusion