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CIS Insurers Expand Reinsurance Globally
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Insurers in CIS countries, particularly Uzbekistan and Kazakhstan, are expanding their international reinsurance business to capitalize on better prices and profitability, driven by the departure of Russian reinsurers and high global property reinsurance prices. While this expansion promises enhanced profitability and diversification, it also introduces new risks such as natural catastrophes, climate change-related losses, and geopolitical uncertainties.
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How might the shift in reinsurance dynamics impact the overall insurance market in CIS countries?
In what ways could the geopolitical risks affect the long-term sustainability of CIS insurers' international operations?
What strategies can CIS insurers employ to mitigate the newly emerged risks in their international reinsurance ventures?
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