Reinsurance pricing rises again in 2024

Reinsurance pricing rises again in 2024

Europe has also witnessed surprising strength in rate rises, specifically in certain regions. Loss-free Turkish contracts, influenced by the earthquake, have seen increases between 50% and 100%. German, Swiss, Austrian, and Eastern European loss-free contracts have also experienced significant hikes, ranging from 7% to 15%. This trend seems more pronounced in Europe compared to the US and most of Asia, where increases generally have generally ranged between 0% and 10%. China stands out in Asia with increases of 5% to 20%, reflecting underlying profitability issues.

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