In 2025, insurers face ongoing challenges in the reinsurance market, though property and catastrophe rates show some softening. Reinsurers are demanding higher attachment points, limiting aggregate cover, and imposing stricter terms, prompting insurers to absorb more risk or raise premiums. In personal lines, some consumers are self-insuring, opting for cheaper, less comprehensive products, relocating to areas with lower rates, or forgoing insurance. The market remains dominated by large reinsurers due to capital intensity. Insurers are encouraged to adopt AI, GenAI, and modern reinsurance systems to navigate complex treaties and access international markets.

Join for free to read