Low attachment points mean losses unlikely to impact domestic carrier's capital, with reinsurance appetite for regional nat cat risks to be tested at 1/1 renewals.
Reinsurer says it expects generally stable prices and conditions, but Asia regions may see carriers opt for increased retention to manage potential reinsurance rate hikes.
Big three P&C insurers benefit from economies of scale and brand recognition which creates a challenging environment for small and medium size insurers.
