EXOS P&C Reinsurance Market Is Growing
Following the pandemic, there has been an upsurge in demand for both primary commercial and reinsurance property and casualty (P&C) cover due to catastrophe losses and an upheaved
awareness of risk. Concomitantly, these losses and worries about climate change have sparked a sector-wide reevaluation of disaster risk, and innumerable reinsurers are starting to diminish capacity. In the second quarter of 2019, premium prices spiraled for commercial property and casualty (P&C) accounts of all sizes.
We anticipate greater investment yields due to rising interest rates and ongoing price increases to enhance earnings. With growing material and labor prices and the impact of supply chain disruption following the pandemic, inflation continues to be a major danger, already preventing earnings growth in the home, commercial property, and motor (re)insurance lines. P&C reinsurers generated for the first half of this year, a significant increase of 24.5% over the realized in the first half of 2021.
We were able to adjust previous year results because at EXOS we provide our clients with modified solutions that go far beyond the conventional approach to reinsurance. In the first quarter of 2022, we were able to turn around numbers and boost our net investment income by 14.3% increase.