AM Best cuts global reinsurance outlook to stable amid softening market and nat cat, casualty volatility
Rating agency's shift reflects a market inflection point where record US$660bn in capital has restored buyer leverage and eroded the pricing power reinsurers enjoyed during the recent hard market.
Actuaries are examining how quantum error correction breakthroughs could sharpen nat cat models and parametric pricing, though the technology would bring new risks.
The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures.
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AM Best cuts global reinsurance outlook to stable amid softening market and nat cat, casualty volatility
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