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Buyer-Friendly Reinsurance Renewals Boost Market
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Overview
API
Aon reports favorable conditions for buyers in the April 1, 2024, reinsurance renewals, with flat pricing for property catastrophe reinsurance. Significant renewals occurred in Japan, South Korea, China, and India, with positive trends in pricing. Facultative reinsurance gains interest, notably in India, amid anticipated insurance sector growth.
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How could the increased interest in facultative reinsurance influence the overall stability of the insurance sector?
How might the buyer-friendly reinsurance renewals impact the competitiveness of the insurance market?
What factors contribute to the contrasting pricing trends in different regions during the renewals?
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