Analysis, Capital management, Life and Health, Market report, Nat Cat, Non-life

Record fall in traditional reinsurance capital in 2022

An AM Best report shows financial market turbulence and an upswing in interest rates caused a historical decline in traditional reinsurance capital, while large Nat Cat losses led to reinsurers moving capital to primary and specialist lines of insurance.

Aaron Woolner

August 29, 2023

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5 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.