Singapore: Hannover Re forecasts stable pricing for P&C treaty renewals at 1 Jan 2025
Source: Asia Insurance Review | Oct 2024
Global reinsurance giant, Hannover Re, anticipates prices and conditions to remain on a sustained stable level for treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in most markets.
In a statement, Hannover Re says that in the various rounds of treaty renewals during 2024, prices and conditions continued to improve in some areas, while in others they stabilised on the previous year’s level. A